A-LevelEconomicsBasic Economic IdeasMay/June 2011Paper 1 Q301 Mark
The diagram shows the production possibility curves of two economies, X and Y. Which statement about the two economies is correct?
ABoth economies always have the identical opportunity costs.
BBoth economies have the same future growth prospects.
CThe opportunity costs are constant in both economies.
DThe two economies can never produce the same combination of products.
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The correct answer is C. This question tests the candidate's understanding of basic economic ideas within the Economicssyllabus. The examiner's mark scheme requires...
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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...
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