Economics 9708/12 — October/November 2023
Cambridge AS Level · AS Level Multiple Choice · answer key with instant marking and worked solutions
Topics Market Equilibrium and the Price Mechanism · Demand and Supply · Price Stability · Aggregate Demand and Aggregate Supply · Production Possibility Curves · Classification of Goods and Services · +11 more
Tap an option under each question to check it — your score builds as you go.
PPC is the production possibility curve in country T.
Which changes take place in country T’s opportunity costs of producing X as it increases production of X?
Options
A Opportunity costs are constant between points 1 and 2, and between points 3 and 4.
B Opportunity costs decrease between points 1 and 2, and increase between points 3 and 4.
C Opportunity costs decrease between points 1 and 2, and between points 3 and 4.
D Opportunity costs increase between points 1 and 2, and between points 3 and 4.
The rest of this paper
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