Economics 9708/33 — May/June 2016
Cambridge A-Level · A Level Multiple Choice · answer key with instant marking and worked solutions
Topics Externalities, Social Costs and Benefits · Effectiveness of Macroeconomic Policies · Macroeconomic Objectives and Policy Conflicts · Efficiency and Market Failure · Revenue and Profit · Market Structures · +14 more
Tap an option under each question to check it — your score builds as you go.
Which statement is not usually associated with the achievement of economic efficiency?
Options
A There is efficiency in consumption if there is no way to redistribute goods among consumers that makes some consumers better off without making others worse off.
B There is efficiency in output levels if there is no different mix of output that would make some people better off without making others worse off.
C There is efficiency in pricing if there is no other pattern of prices that would make some producers better off without making others worse off.
D There is efficiency in production if there is no way to produce more of some goods without producing less of other goods.
The rest of this paper
29 more questions- Q2Externalities, Social Costs and Benefits1M
- Q3Externalities, Social Costs and Benefits1M
- Q4Indifference Curves and Budget Lines1M
- Q5Revenue and Profit1M
- Q6Market Structures · Performance of Firms in Different Market Structures1M
- Q7Revenue and Profit1M
- Q8Market Structures1M
- Q9Costs of Production1M
- Q10Growth and Survival of Firms1M
- Q11Costs of Production1M
- Q12Growth and Survival of Firms1M
- Q13Externalities, Social Costs and Benefits · Government Policies to Correct Market Failure1M
- Q14Demand for and Supply of Labour · Short-Run and Long-Run Production1M
- Q15Short-Run and Long-Run Production1M
- Q16Demand for and Supply of Labour1M
- Q17Effectiveness of Macroeconomic Policies · Equity, Poverty and Redistribution1M
- Q18Efficiency and Market Failure1M
- Q19Economic Development and Living Standards1M
- Q20Economic Development and Living Standards1M
- Q21Characteristics of Countries at Different Levels of Development1M
- Q22Characteristics of Countries at Different Levels of Development1M
- Q23Employment and Unemployment1M
- Q24Employment and Unemployment · Macroeconomic Objectives and Policy Conflicts1M
- Q25Money and Banking1M
- Q26Components of Aggregate Demand · The Multiplier and National Income Determination1M
- Q27The Multiplier and National Income Determination1M
- Q28Macroeconomic Objectives and Policy Conflicts1M
- Q29Macroeconomic Objectives and Policy Conflicts · Effectiveness of Macroeconomic Policies1M
- Q30Effectiveness of Macroeconomic Policies1M