Year 11 - Economics - 4.9.14

Thai Sikh International School

E-Learning Programme – Online Assignment –   04-09-2013

Name :                                                                                                 Subject : Economics

Year   :  11 A & B                                                                               Schedule No. :  1                               

   1.      Describe a choice made by:

a.       a consumer.

b.      a producer.

c.       a government.

       Explain the opportunity cost.

   2.      Why is it important to consider opportunity costs in economic decision-making?

   3.      Outline the implications to a government in terms of opportunity cost of deciding to build more schools.