A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Feb/Mar 2021 · Q21 Mark
The diagram shows two production possibility curves for an economy. [diagram] Which combination of movements correctly illustrates these changes in production? short-run economic growth long-run economic growth no economic growth
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AK to L, L to M, M to N
BK to L, M to N, L to M
CM to N, K to L, L to M
DM to N, L to M, K to L
✓ Correct answer
B: K to L, M to N, L to M
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