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

Scarcity, choice and opportunity cost — practice question

Which sequence places these economic concepts in the correct order? (The options present different arrangements of inevitability of choices, opportunity costs, and scarce resources.)

  • Ainevitability of choices ↓ opportunity costs ↓ scarce resources
  • Bopportunity costs ↓ inevitability of choices ↓ scarce resources
  • Copportunity costs ↓ scarce resources ↓ inevitability of choices
  • Dscarce resources ↓ inevitability of choices ↓ opportunity costs

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