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A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2024 · Q51 Mark

The diagram shows the change in a country's production possibility curve from PQ to PR. [Figure 5.1] What increases as a result of the change from PQ to PR?

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 price of private goods
Bthe price of public goods
Cthe opportunity cost of private goods
Dthe opportunity cost of public goods

✓ Correct answer

D: the opportunity cost of public goods

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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 2024 Paper 1 Variant 2, question 5.

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