O-LevelEconomicsThe basic economic problem2281/12 · May/June 2017 · Q31 Mark

The diagram shows a production possibility curve for cars and furniture. [Figure 3.1] A recession causes a decrease in production in both cars and furniture. Which movement would represent this change?

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.

AX to W

BX to Y

CZ to W

DZ to Y

✓ Correct answer

B: X to Y

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

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