Economics Multiple Choice Question – 19 December 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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 What is the opportunity cost to a person of spending £40 on a new pair of sports shoes?

Select ONE answer:

  1. all the other things the person could have bought
  2. the cost of getting to the sports shop
  3. the current value of his old pair of shoes
  4. the next best thing that could have been bought with the £40

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct

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