A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2012 · Q31 Mark

The diagram shows a production possibility curve for an economy that produces only X and Y. [Diagram] The economy produces 1200 of good X and produces on its production possibility curve. Which quantity of good Y is given up?

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A400

B600

C800

D1000

✓ Correct answer

B: 600

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Topic: Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2012 Paper 1 Variant 2, question 3.

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The diagram shows a production possibility curve for an economy that produces only X and Y. [Diagram] The economy produces 1200 of good X and produces on its production possibility curve. Which quantity of good Y is given up?

✓ Correct answer

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