GTLE Economics Practice Questions - Ghana Teacher Licensure Examination Subject Specialism Economics Exam

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A student has 4 hours of free time and can either study for an Economics test, which she values at GHS 50, watch a movie valued at GHS 30, or sleep, valued at GHS 20. What is the opportunity cost of choosing to study for the test?

GHS 50 GHS 30 GHS 20 GHS 0

Correct Answer:

GHS 30

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