LC Economics Practice Questions - Leaving Certificate Economics Exam

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Which is the best example of an opportunity cost of a student choosing to study full-time for Leaving Certificate Economics revision this evening?

The price of the textbook already paid last year (sunk cost) The wage that could have been earned working a paid shift instead The cost of building a new school for the Department of Education The national debt of Ireland

Correct Answer:

The wage that could have been earned working a paid shift instead

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