O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2017 · Q31 Mark

The diagram shows a production possibility curve. The country is using all its resources to produce both manufactured goods and services. [Figure 3.1] What movement would represent an improvement of technology in manufacturing?

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AK to N

BL to K

CN to K

DN to M

✓ Correct answer

D: N to M

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2017 Paper 1 Variant 2, question 3.

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