This site uses cookie tracking technologies. Learn more in our Cookie Policy.
Mexico can produce 350 avocados while Panama can only produce 150. However, Panama might still benefit from trade because it has a lower opportunity cost in producing:
Why does consumer surplus typically increase when a country moves from 'no trade' to 'free trade' with a lower world price?
True or False: When a country moves from a state of no trade to free trade with a lower world price, domestic producer surplus typically increases.
A firm is considering investing in new machinery. Which of the following best describes the opportunity cost of this investment?
True or False: A flatter Production Possibilities Frontier (PPF) slope relative to the horizontal axis indicates a lower opportunity cost for the good plotted on the horizontal axis.
Practice MYP MYP Individuals & Societies Topic Opportunity Cost with authentic exam-style questions for both SL and HL students. This question bank focuses on the exact syllabus content for Opportunity Cost and mirrors Paper 1, 2 style where relevant.
Get instant solutions, detailed explanations, and build confidence with questions aligned to MYP examiner expectations.
