The diagram shows a production possibility curve for an economy that produces only two goods, X and Y. good X good Y The economy produces 1200 of good X and produces on its production possibility curve. Which quantity of good Y is given up?

9708_w12_qp_12

MCQ

2012

Paper 1, Variant 2

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The production possibility curve for an economy producing capital goods and consumer goods is represented by the line PQ. P R O S T Q consumer goods capital goods What is the opportunity cost of producing OS of consumer goods?

9708_w12_qp_13

MCQ

2012

Paper 1, Variant 3

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The diagram shows the production possibility curve XX of an economy that produces both consumer goods and capital goods. O capital goods consumer goods X X M N If the economy moves from point M to point N, which diagram represents the most likely position of the production possibility curve YY in the future?

9708_w14_qp_12

MCQ

2014

Paper 1, Variant 2

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The diagrams show an economy’s production possibility curve before and after a change has occurred. consumer goods before capital goods consumer goods after capital goods What would this change indicate about opportunity cost and the production possibility curve?

9708_w14_qp_13

MCQ

2014

Paper 1, Variant 3

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The diagram shows the change in an economy’s production possibility curve as it grows in the long run. Which movement from point X is most likely to show the highest potential for growth?

9708_w15_qp_12

MCQ

2015

Paper 1, Variant 2

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The diagrams show the change in a country’s production possibility curve between Year 1 and Year 2. consumer goods services Year 1 consumer goods services Year 2 What can be concluded from the diagrams?

9708_w15_qp_12

MCQ

2015

Paper 1, Variant 2

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The diagram illustrates the production possibility curves for countries S and T producing goods X and Y. country S good X good Y country T good X good Y Countries S and T specialise in the product for which they have the lower opportunity cost. They trade with each other at the rate of two good X for one good Y. What is a possible combination of goods for country S to consume after specialisation and trade have taken place?

9708_w15_qp_12

MCQ

2015

Paper 1, Variant 2

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The production possibility curve for an economy producing capital goods and consumer goods is represented by the line PQ. P R O S T Q consumer goods capital goods What is the opportunity cost of producing OS of consumer goods?

9708_w16_qp_11

MCQ

2016

Paper 1, Variant 1

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The diagram shows an economy’s production possibility curve, PPC, and trading possibility curve, TPC. O TPC PPC food clothing Why is the diagram not able to demonstrate the benefits of international trade?

9708_w16_qp_11

MCQ

2016

Paper 1, Variant 1

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The diagram shows a production possibility curve for an economy that produces only two goods, X and Y. good X good Y The economy produces 1200 of good X and operates on its production possibility curve. Which quantity of good Y is given up?

9708_w16_qp_12

MCQ

2016

Paper 1, Variant 2

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