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A-LevelEconomicsBasic Economic Ideas / Production Possibility CurvesFeb/Mar 2023Paper 1 Q41 Mark

The diagram shows the production possibility curve for wheat and corn. [Figure: Production Possibility Curve]

AAs the price of corn falls, more of it is demanded.
BResources used in producing corn are more efficient than in producing wheat.
CThe opportunity cost of producing corn falls when moving from M to N.
DThe opportunity cost of producing corn is constant when moving from M to N.

✓ Correct Answer

The correct answer is D: The opportunity cost of producing corn is constant when moving from M to N.

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This multiple-choice question tests Basic Economic Ideas / Production Possibility Curves in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Feb/Mar 2023 examination, Paper 1 Variant 2.

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