Economics (AS & A Level) · May / June 2024 · Paper 11 · Question 5
9708Production possibility curves
An economist knows the current point at which an economy operates within its production possibility curve. What can the economist conclude about this economy?
- Aits degree of self-sufficiency
- Bits international competitiveness
- Cits level of output of two goods
- Dits rate of economic growth
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Correct answer: C. its level of output of two goods
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