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O-LevelEconomicsThe basic economic problem2281/12 · May/June 2016 · Q11 Mark

What economic concept must be at work when there is movement by a country along its production possibility curve?

Aeconomies of scale

Bequilibrium price

Cmaximum profit

Dopportunity cost

✓ Correct answer

D: opportunity cost

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About this question

Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2016 Paper 1 Variant 2, question 1.

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