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

1.4. Production possibility curve (PPC) diagrams

A subsection of Economics, 2281, through 1. The basic economic problem

Listing 10 of 43 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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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?

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MCQ

2013

Paper 1, Variant 3

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

2281_w21_qp_13

MCQ

2021

Paper 1, Variant 3

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Questions Discovered

43