O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2014 · Q31 Mark

The diagram shows two production possibility curves for an economy. [Figure] What could have caused the change in the economy's production possibility curve from XX to YY?

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

Adecrease in the price level

Blarge number of industrial disputes

Cmajor earthquake

Dan increase in unemployment

✓ Correct answer

C: major earthquake

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2014 Paper 1 Variant 2, question 3.

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