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Economics · May / June 2016 · Paper 12 · Question 1

2281Production possibility curve (PPC) diagrams

What economic concept must be at work when there is movement by a country along its production possibility curve?

  1. Aeconomies of scale
  2. Bequilibrium price
  3. Cmaximum profit
  4. Dopportunity cost

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Correct answer: D. opportunity cost

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