Economics 9708/32 — October/November 2015
Cambridge A-Level · A Level Multiple Choice · answer key with instant marking and worked solutions
Topics Objectives and Pricing Policies of Firms · Money and Banking · Wage Determination and Labour Market Intervention · Short-Run and Long-Run Production · Market Structures · Performance of Firms in Different Market Structures · +15 more
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The diagram shows the production possibility curve for a successful transition economy that moves from point X to point Y over time.
During the transition process the population of the country expressed a strong preference for increased privatisation.
What happens to economic efficiency as a result of the transition from point X to point Y?
Options
| productive efficiency | allocative efficiency | |
|---|---|---|
| A | increases | decreases |
| B | increases | increases |
| C | unchanged | decreases |
| D | unchanged | unchanged |
The rest of this paper
29 more questions- Q2Utility Theory1M
- Q3Indifference Curves and Budget Lines1M
- Q4Wage Determination and Labour Market Intervention1M
- Q5Short-Run and Long-Run Production1M
- Q6Objectives and Pricing Policies of Firms1M
- Q7Wage Determination and Labour Market Intervention1M
- Q8Short-Run and Long-Run Production1M
- Q9Costs of Production1M
- Q10Growth and Survival of Firms1M
- Q11Objectives and Pricing Policies of Firms1M
- Q12Market Structures1M
- Q13Performance of Firms in Different Market Structures1M
- Q14Objectives and Pricing Policies of Firms1M
- Q15Market Structures · Performance of Firms in Different Market Structures1M
- Q16Government Policies to Correct Market Failure1M
- Q17Equity, Poverty and Redistribution1M
- Q18Components of Aggregate Demand1M
- Q19The Multiplier and National Income Determination1M
- Q20Money and Banking1M
- Q21Money and Banking1M
- Q22Economic Growth and Sustainability1M
- Q23Economic Development and Living Standards1M
- Q24Effectiveness of Macroeconomic Policies1M
- Q25Macroeconomic Objectives and Policy Conflicts1M
- Q26Globalisation and Economic Integration1M
- Q27The Multiplier and National Income Determination1M
- Q28Money and Banking1M
- Q29Relationships Between Countries at Different Levels of Development1M
- Q30Relationships Between Countries at Different Levels of Development1M