
What is the opportunity cost to a person of spending £40 on a new pair of sports shoes?
Select ONE answer:
- all the other things the person could have bought
- the cost of getting to the sports shop
- the current value of his old pair of shoes
- 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
- Not correct
- Not correct
- Not correct
- Correct
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