NSSCAS Economics (8246) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Level Economics (Syllabus 8246) Exam

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A Namibian farmer uses a hectare of land for maize instead of cattle grazing. What is the opportunity cost of growing maize?

The fertiliser bill paid for the maize crop The cattle production (or grazing income) forgone on that hectare The market price of the maize harvested The wages of farm workers hired for harvesting

Correct Answer:

The cattle production (or grazing income) forgone on that hectare

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