A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · May/June 2013 · Q21 Mark

The diagram shows two production possibility curves (EF and GH), before and after technological progress has taken place. After technological progress has taken place, what is the opportunity cost in capital goods of producing OX consumer goods? [Figure 2.1 showing two PPCs]

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✓ Correct answer

A: MH

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Topic: Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2013 Paper 1 Variant 2, question 2.

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The diagram shows two production possibility curves (EF and GH), before and after technological progress has taken place. After technological progress has taken place, what is the opportunity cost in capital goods of producing OX consumer goods? [Figure 2.1 showing two PPCs]

✓ Correct answer

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