Economics (AS & A Level) · Oct / Nov 2022 · Paper 12 · Question 5
9708Production possibility curves
The diagram shows an economy's production possibility curve (PPC). The economy has moved from X to Y. What can be deduced from the diagram?
- ACurrent living standards have fallen.
- BThe economy has become more efficient.
- CThere has been a rise in unemployment.
- DThere has been an opportunity cost of OR consumer goods.
As printed in the paper
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Correct answer: B. The economy has become more efficient.
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