Economics · Oct / Nov 2022 · Paper 12 · Question 1
2281Opportunity cost
The Chinese government is concerned about the level of poverty and the need for more resources in low-income regions of the country. As a result, it is increasing its expenditure in those regions and reducing it in high-income regions. Which economic concept does this government policy illustrate?
- Adiseconomies of scale
- Bmarket forces
- Copportunity cost
- Dspecialisation
As printed in the paper
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Correct answer: C. opportunity cost
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