A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Feb/Mar 2024 · Q11 Mark

Why does a production possibility curve exist for every economy?

AResources are unlimited.

BResources have alternative uses.

CSome resources can be imported.

DSome resources may be unemployed.

✓ Correct answer

B: Resources have alternative uses.

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Topic: Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2024 Paper 1 Variant 2, question 1.

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