0455.1.3.1 — definition of opportunity cost Definition and examples of opportunity cost in different contexts.: past paper questions
Real questions on 0455.1.3.1 — definition of opportunity cost definition and examples of opportunity cost in different contexts.
The newest 20 of 62 written questions. Open one to see it on the real paper.
- 0455/02 · Specimen 2027 · Q5b[4]
Explain how opportunity cost influences whether a school leaver decides to go to university.
See it on the paper → - 0455/21 · May/June 2026 · Q1c[2]
Explain why some Uruguayan workers emigrate to the US.
See it on the paper → - 0455/21 · May/June 2026 · Q4b[4]
Explain two reasons why a firm may produce in more than one country.
See it on the paper → - 0455/21 · May/June 2026 · Q4c[6]
Analyse the ways a government could increase its country’s exports.
See it on the paper → - 0455/22 · May/June 2026 · Q1c[2]
Explain the opportunity cost of exporting products.
See it on the paper → - 0455/22 · May/June 2026 · Q1h[6]
Discuss whether or not a new port will benefit an economy. Section B Answer any three questions. Each question is introduced by stimulus material. In your answers you may refer to the material and / or other examples you have studied.
See it on the paper → - 0455/22 · February/March 2026 · Q1d[4]
Explain how greater use of capital equipment in agriculture could reduce the deficit on Senegal’s current account of its balance of payments.
See it on the paper → - 0455/21 · October/November 2025 · Q1c[2]
Explain one reason why overdependence on foreign markets is a disadvantage to the Swiss economy.
See it on the paper → - 0455/21 · October/November 2025 · Q1e[4]
Explain two reasons why Switzerland had a current account surplus.
See it on the paper → - 0455/22 · October/November 2025 · Q1c[2]
Explain why some young Japanese people emigrate.
See it on the paper → - 0455/22 · October/November 2025 · Q1f[5]
Analyse the relationship between global GDP per head and global air passenger numbers.
See it on the paper → - 0455/23 · October/November 2025 · Q2c[6]
Analyse how opportunity cost influences the decisions made by consumers, workers and producers.
See it on the paper → - 0455/22 · February/March 2025 · Q1g[6]
Discuss whether or not foreign MNCs reduce poverty in their host countries.
See it on the paper → - 0455/22 · February/March 2025 · Q2b[4]
Explain how opportunity cost will influence a government’s decision on whether to spend tax revenue on a large infrastructure project.
See it on the paper → - 0455/11 · October/November 2024 · Q1[1]
What has an opportunity cost in consumption?
See it on the paper → - 0455/12 · October/November 2024 · Q2[1]
What is opportunity cost?
See it on the paper → - 0455/12 · October/November 2024 · Q3[1]
Which point shows the greatest opportunity cost of producing one more unit of good X?
See it on the paper → - 0455/11 · May/June 2024 · Q2[1]
What is the opportunity cost of producing good X?
See it on the paper → - 0455/21 · May/June 2024 · Q5c[6]
Analyse why a country may demand more imports.
See it on the paper → - 0455/22 · May/June 2024 · Q2a[2]
two possible opportunity costs of producing primary sector products.
See it on the paper →
What examiners said
Comprehensive responses • Many candidates explained how greater use of capital equipment increases productivity and reduces costs, improving the price competitiveness and quality of Senegal’s agricultural goods. • Some candidates developed a clear link to the current account by showing how improved competitiveness can increase exports, reduce imports, and therefore reduce the deficit. Limited res...
— Examiner report, February/March 2026, 0455/22 Q1(d) (Cambridge)
There were some perceptive answers to this question which developed the comment in the source material and also explored other ways foreign MNCs may affect poverty in their host countries. The answers tended to be stronger on the side of why foreign MNCs may reduce poverty in their host countries. The vast majority of candidates mentioned that the MNCs would be likely to reduce unemployment by cre...
— Examiner report, February/March 2025, 0455/22 Q1(g) (Cambridge)
A good level of understanding of opportunity cost was shown with most candidates bringing out its meaning and its importance to a government deciding whether to spend tax revenue on a large infrastructure project. There was some good explanation in terms of tax revenue being limited and which choice might have to be given up.
— Examiner report, February/March 2025, 0455/22 Q2(b) (Cambridge)
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