Gce Model Questions Vol1 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2024 Economics Objective / Multiple Choice Easy Difficulty
Question 2 GCE_MODEL_QUESTIONS_VOL1 • 2024 • ECONOMICS • objective

A country can produce either 100 units of wheat or 200 units of cloth if it devotes all its resources to one good. Currently it produces 40 units of wheat and 80 units of cloth. What is the opportunity cost of producing one additional unit of wheat, expressed in units of cloth?

Answer Options

A. 1 unit of cloth
Correct Answer B. 2 units of cloth
C. 0.5 units of cloth
D. 3 units of cloth
Correct Answer
B
Correct Option:
2 units of cloth

About This Question

This is Gce Model Questions Vol1 2024 Economics Question 2. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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