Economics 0455 · IGCSE · Opportunity cost

Opportunity cost — practice question

In a country, the school leaving age is increased from 15 to 17 years. What is the opportunity cost of this longer period of school education for the young people affected?

  • Acosts of training and employing more teachers
  • Bfinancial help necessary for school leavers who go to university
  • Cgovernment expenditure on building extra classrooms
  • Dlost income from paid employment because of school attendance

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

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