Quelpr
8 marksScarcity, Choice, and Opportunity Cost

CSEC Economics · May/June 2015 · Paper 2 · Question 8(c)

An 18 year old student has just completed CAPE studies and has to decide on her future.

Explain TWO economic factors that will influence the decision the student makes.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 8(a)Identify the central problem in economics.[1 mark]
  2. 8(b)(i)Need[2 marks]
  3. 8(b)(ii)Want[2 marks]
  4. 8(b)(iii)Opportunity cost[2 marks]
  5. 8(d)(i)Decreasing opportunity costs[3 marks]
  6. 8(d)(ii)An efficient point[1 mark]
  7. 8(d)(iii)An unattainable point[1 mark]

More practice: the rest of this paper · more Scarcity, Choice, and Opportunity Cost questions · all CSEC Economics past papers