A-LevelEconomicsBasic Economic Ideas and Resource AllocationOct/Nov 2014Paper 1 Q31 Mark
The diagram shows the production possibility curve XX of an economy that produces consumer goods and capital goods. If the economy moves from point M to point N, which diagram represents the most likely position of the production possibility curve YY in the future?
A[Diagram showing PPC YY inside PPC XX]
B[Diagram showing PPC YY outside PPC XX, with a greater outward shift along the consumer goods axis compared to the capital goods axis]
C[Diagram showing PPC YY outside PPC XX, with a greater outward shift along the capital goods axis compared to the consumer goods axis]
D[Diagram showing PPC YY outside PPC XX, with a proportional outward shift from PPC XX]
✓ Correct Answer
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...
📋 Examiner Report & Trap Analysis
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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