What this practice covers
These questions are drawn from past CIE 9708 papers and filtered to scarcity, choice and opportunity cost. You answer, you find out immediately whether you were right, and you get the reasoning for the correct option and for each distractor. Wrong answers go to a mistakes locker so you can come back to exactly those.
Practice is free. You need an account only so your progress and your mistakes are still there next time.
Start practising Paper 1 MCQs →
What examiners see students get wrong here
These are the errors that cost marks on scarcity, choice and opportunity cost, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Scarcity means poverty.
- Scarcity means a temporary shortage.
- Opportunity cost is the chosen option.
- Opportunity cost is the price paid.
- Opportunity cost includes all rejected options.
- A free item has no opportunity cost.
- Borrowing removes government trade-offs.
- Growth eliminates scarcity.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: Scarcity, Choice and Opportunity Cost revision notes.