O-LevelEconomicsThe basic economic problem2281/11 · May/June 2014 · Q11 Mark

A power station was built to provide electricity to rural villages in Namibia. What was its opportunity cost?

Athe cost of producing the electricity

Bthe school which could have been built instead

Cthe time given up by the architect to design the power station

Dthe wages of the workers who built the power station

✓ Correct answer

B: the school which could have been built instead

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2014 Paper 1 Variant 1, question 1.

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