Economics (AS & A Level) · Oct / Nov 2024 · Paper 12 · Question 1
9708Production possibility curves
The production possibility curve for a country is shown. What can be determined from the diagram?
- Athe consumers’ preferred combination of output
- Bthe level of economic growth
- Cthe opportunity cost of manufactured goods in terms of agricultural products
- Dthe preference for present consumption rather than future consumption
As printed in the paper
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Correct answer: C. the opportunity cost of manufactured goods in terms of agricultural products
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