The production possibility curve (PPC) shows the hours per day a student has for either entertainment or revision. entertainment revision The student revises for 3 hours a day. As exams approach, the student decides to revise for 9 hours a day. What is the opportunity cost of this decision?

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MCQ

2021

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The diagram shows the production possibility curve (PPC) for an economy producing consumer goods and capital goods. consumer goods N M L O G H J capital goods The economy is currently producing OM consumer goods and OG capital goods. It decides to increase production of capital goods to OH. What is the opportunity cost of this decision in terms of consumer goods?

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MCQ

2023

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The diagram shows the production possibility curve (PPC) for an economy. capital goods O consumer goods X Y Which cost can be determined as the economy moves along its PPC from point X to point Y?

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MCQ

2024

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The diagram shows a production possibility curve (PPC) for an economy that produces two goods, X and Y. Which point shows the greatest opportunity cost of producing one more unit of good X?

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MCQ

2024

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The diagram shows the change in an economy’s production possibility curve from year 1 to year 2. O goods services year 1 year 2 What might explain the change from year 1 to year 2?

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MCQ

2015

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The diagram shows a country’s production possibility curve for rice and wheat. rice wheat O P S Q R A major flood destroys a large area of agricultural land. Which movement could represent the resulting change in output?

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MCQ

2016

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The diagram shows a production possibility curve for a country. As a result of an increase in demand for manufactured goods it moves from a situation of unemployment to full employment. agriculture O manufactured goods E F G H How would this be represented on this diagram?

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MCQ

2017

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The diagram shows the production possibility curve (PPC) of a country producing at point T. health services O non-health services V T U S W The country has an ageing population and decides to allocate more resources to the production of health services. Which movement shows this change in resource allocation?

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MCQ

2020

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The diagram shows a production possibility curve for digital televisions and CD players. O digital televisions CD players Z W Y X Which movement shows an increase in the use of existing resources to increase production for both digital televisions and CD players?

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MCQ

2013

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A country is producing at point X on its production possibility curve which shows how it can allocate its production between capital goods and consumer goods. A period of recession then causes some of its factories to close. Which point could represent the country’s new position?

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MCQ

2013

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