A-LevelEconomicsBasic Economic IdeasOct/Nov 2010Paper 1 Q31 Mark
The diagram shows the production possibility curve of an economy. [Figure 3.1] Which statement explains the shape of this curve?
AMore efficient workers are drawn away from the production of consumer goods.
BResources cannot be switched between producing capital and consumer goods.
CThe economy is more efficient at producing capital than consumer goods.
DThe opportunity cost of producing capital goods increases the more capital goods are made.
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The correct answer is D. This question tests the candidate's understanding of basic economic ideas within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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