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1.1 Economic methodology and the economic problem

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Question 16

An economy is achieving productive efficiency if it is operating in such a way that

A

it experiences a continuous outward shift of its production possibility boundary.

B

it is impossible to produce more of any one good without reducing the output of another good.

C

it maximises the production of consumer goods over capital goods to increase current societal welfare.

D

there is zero structural and frictional unemployment in the labour market.

Markscheme

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem

123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.

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