Subsection 1.4. Production possibility curve (PPC) diagrams for Economics, IGCSE - revisedeck

1.4. Production possibility curve (PPC) diagrams

A subsection of Economics, 0455, through 1. The basic economic problem

Listing 10 of 67 questions

An economy experiences a recession and moves from full employment to 5% unemployment. Which movement from X to Y on the PPC diagram shows the consequence for the economy?

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MCQ

2022

Paper 1, Variant 1

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What does a point on a production possibility curve for an economy represent?

0455_s23_qp_11

MCQ

2023

Paper 1, Variant 1

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How does a production possibility curve show that scarcity exists?

0455_w13_qp_11

MCQ

2013

Paper 1, Variant 1

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How does a production possibility curve show that scarcity exists?

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MCQ

2013

Paper 1, Variant 2

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Which diagram shows an opportunity cost by movement from point X to point Y?

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MCQ

2021

Paper 1, Variant 3

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The economy of country X is always on its production possibility curve (PPC). When will the goods and services produced by country X become more scarce?

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MCQ

2023

Paper 1, Variant 2

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An economy produces different types of goods using its limited resources. This can be illustrated by a production possibility curve. X consumer goods O capital goods What does point X on the production possibility curve show?

0455_w13_qp_13

MCQ

2013

Paper 1, Variant 3

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Questions Discovered

67