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

Scarcity, choice and opportunity cost — practice question

(a)[2]

Suggest the likely opportunity cost to Ghanaian children of time spent fetching water. Explain your answer.

(b)[3]

Use Table 1 to compare the change in Ghana’s cocoa output with that of the other main producers.

(c)[6]

With the use of a diagram, analyse the effect on the market for Cadbury’s chocolate of the problems reported in the first paragraph.

(d)[3]

Explain how the Cadbury Cocoa Partnership hoped to affect the productivity of cocoa farmers.

(e)[6]

Discuss the consequences for countries such as Cote d’Ivoire and Ghana of relying heavily on the production of one crop.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: Meaning of opportunity cost

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI