Economics 9708/32 — October/November 2021
Cambridge A-Level · A Level Multiple Choice · answer key with instant marking and worked solutions
Topics Efficiency and Market Failure · Equity, Poverty and Redistribution · Wage Determination and Labour Market Intervention · Externalities, Social Costs and Benefits · Revenue and Profit · Market Structures · +13 more
Tap an option under each question to check it — your score builds as you go.
Which statement best defines productive efficiency?
Options
A It is not possible to increase profits by changing the level of production.
B It is not possible to make anyone better off without others becoming worse off.
C It is not possible to produce the level of output at a lower unit cost.
D It is not possible to produce outside the production possibility curve.
The rest of this paper
29 more questions- Q2Externalities, Social Costs and Benefits · Efficiency and Market Failure · Government Policies to Correct Market Failure1M
- Q3Externalities, Social Costs and Benefits1M
- Q4Utility Theory1M
- Q5Indifference Curves and Budget Lines1M
- Q6Costs of Production · Revenue and Profit1M
- Q7Market Structures1M
- Q8Revenue and Profit1M
- Q9Market Structures1M
- Q10Growth and Survival of Firms1M
- Q11Growth and Survival of Firms1M
- Q12Objectives and Pricing Policies of Firms1M
- Q13Equity, Poverty and Redistribution1M
- Q14Equity, Poverty and Redistribution1M
- Q15Efficiency and Market Failure1M
- Q16Wage Determination and Labour Market Intervention1M
- Q17Wage Determination and Labour Market Intervention1M
- Q18Economic Growth and Sustainability1M
- Q19Economic Development and Living Standards1M
- Q20Equity, Poverty and Redistribution1M
- Q21Employment and Unemployment1M
- Q22Wage Determination and Labour Market Intervention1M
- Q23Economic Growth and Sustainability1M
- Q24The Multiplier and National Income Determination1M
- Q25The Multiplier and National Income Determination1M
- Q26Money and Banking1M
- Q27Money and Banking1M
- Q28Economic Development and Living Standards1M
- Q29Macroeconomic Objectives and Policy Conflicts1M
- Q30Balance of Payments and Policies to Correct Disequilibrium1M