Economics · May / June 2024 · Paper 11 · Question 3
2281Production possibility curve (PPC) diagrams
The diagram shows a production possibility curve (PPC) for an economy. What is the reason for the economy moving from point M to point N?
- Adecreased unemployment in industries producing good X
- Bimprovement in technology used to produce good X
- Cincreased productivity of workers producing good X
- Dincreased resource allocation to the production of good X
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Correct answer: D. increased resource allocation to the production of good X
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