Economics · Oct / Nov 2021 · Paper 12 · Question 2
2281Opportunity cost
What is an opportunity cost for a consumer spending money on a holiday?
- Athe potential interest earned if the holiday money had been saved
- Bthe price paid for an air ticket to the holiday destination
- Cthe rubbish created during the holiday which affects the local community
- Dthe satisfaction that the consumer gains from the holiday
As printed in the paper
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Correct answer: A. the potential interest earned if the holiday money had been saved
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