A-LevelEconomicsBasic Economic Ideas and Resource AllocationOct/Nov 2011Paper 1 Q21 Mark
The curve PP in the diagram is the production possibility curve for a country producing goods X and Y. The production of X is more labour intensive than the production of Y. [Figure showing a production possibility curve PP and other curves RR, QQ, SS, TT, with good Y on vertical axis and good X on horizontal axis] The working hours of the labour force are reduced by law. Which curve could be the country's new production possibility curve?
ATT
BSS
CQQ
DRR
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The correct answer is B. This question tests the candidate's understanding of basic economic ideas and resource allocation 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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