Edexcel A-level Economics B 9EB0 · 1.1.1c
The importance of opportunity costs to consumers, producers and government
- Code
- 1.1.1c
- In
- 1.1.1 The economic problem
- Topic
- 1 Markets, consumers and firms
- Course
- A-level Economics B 9EB0
- Board
- Edexcel
Grade boundaries·Edexcel command words
Codes and titles are read by a script from Edexcel's published specification and have not been checked by a person. What each point covers is in the specification itself: Edexcel’s specification.
Points in 1.1.1 The economic problem
- 1.1.1a The problem of scarcity (where there are unlimited wants and finite resources)
- 1.1.1b Choices and potential trade-offs
- 1.1.1c The importance of opportunity costs to consumers, producers and government