O-LevelEconomicsThe allocation of resources2281/11 · May/June 2015 · Q31 Mark

With a given level of resources, an economy that can produce food or computers is at point Q on its production possibility curve. Population growth means more resources need to be allocated to food production. At which point in the short term will the economy be in the diagram?

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.

A[Point A]

B[Point B]

C[Point C]

D[Point D]

✓ Correct answer

B: [Point B]

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2015 Paper 1 Variant 1, question 3.

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