Quelpr
2 marksCentral Problem of Economics

CAPE Economics Unit 1 · 2006 · Paper 1 · Question 1(c)

A country can build two schools and thirty miles of roadway or three schools and twenty miles of roadway.

State the opportunity cost of building the third school.

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Other parts of this question

  1. 1(a)Explain briefly why scarcity affects both the rich and the poor.[2 marks]
  2. 1(b)List TWO of the major choices that a country must make because of scarcity.[2 marks]

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