1.What is the meant by Opportunity cost?  2.Identify and explain one example of opportunity cost from the above extract.  3. With the help of a labelled diagram show the positions of demand curve for palm oil for different years stated in the article.  4. (a) Identify three stakeholders who might be affected by ‘growth of the palm oil industry’.  (b) In what way the stakeholders identified in (a) might be affected?  5. You are asked to investigate the economic arguments for and against production of palm oil. Discuss how helpful you would find the above extract and what further information you would seek.  Total marks: 25
[ ECONOMICS DATA RESPONSE QUESTIONS ] This Worksheet has been downloaded from . Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. © Z IMBABWE INFLATION HITS 165,000% Zimbabwe's soaring inflation hit an annual rate of almost 165,000% in February, official figures show. Continuing shortages of food and fuel helped to push up inflation from January's rate of 100,000%. Government officials say the shortages make it hard to work out inflation with any degree of accuracy. About 80% of the country's population lives in poverty and it is estimated that three million people have left the country for a new life in South Africa. New notes The economy has been in trouble for several years, with supplies of basic foodstuffs, cooking oil and petrol all running low. The central bank has introduced new banknotes to cope with the spiralling prices. Last month it issued a 10 million Zimbabwe dollar note. Source: BBC News 1.What type of inflation is being referred to in the article?  2.a)From the article above, what do you think is the main reason for inflation? b) Apart from the reason stated in 2 (a), Identify and explain two other reasons for inflation in a country.   3.Identify twoadverse effects of inflation on the economy of a country?  4. Discuss the ways through which the Government could control inflation in Zimbabwe. 
[ ECONOMICS DATA RESPONSE QUESTIONS ] This Worksheet has been downloaded from . Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. © S OLAR PANEL FARMS IN C ARMARTHENSHIRE GIVEN GREEN LIGHT Plans for solar farms of up to 10,000 panels on two sites in Carmarthenshire have been approved. The development on Ffos Las horse racing course and the former Cynheidre Colliery near Five Roads could power up to 1,000 homes. Councillors approved the planning application on Thursday.