Economics 9708 · AS & A Level · Scarcity, choice and opportunity cost

Scarcity, choice and opportunity cost — practice question

A country engaged in trade is able to make two goods, X and Y. It fully specialises in producing good Y. What is the opportunity cost to the country of consuming more imports of good X?

  • Athe additional imports of good X
  • Bthe increase in the resources required to produce good X
  • Cthe reduction in the domestic consumption of good Y
  • Dthe reduction in the resources available to produce good Y

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