O-LevelEconomicsThe allocation of resources2281/11 · May/June 2022 · Q81 Mark
The table shows the world output of iron ore and the average yearly price for four years. year world output of iron ore (billion tonnes) average yearly price ($ per tonne) year 1 2.86 128 year 2 2.98 135 year 3 2.22 97 year 4 2.28 95 What can be concluded about the relationship between world output of iron ore and the average yearly price over the four years?
Aworld output: highest, average yearly price: highest
Bworld output: highest, average yearly price: lowest
Cworld output: lowest, average yearly price: highest
Dworld output: lowest, average yearly price: lowest
✓ Correct answer
A: world output: highest, average yearly price: highest
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