A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2024 · Q11 Mark
The production possibility curve for a country is shown. [Figure 1.1] What can be determined from the diagram?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
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
✓ Correct answer
C: the opportunity cost of manufactured goods in terms of agricultural products
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