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1.1 Economic methodology and the economic problem

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Question 34

An economy is achieving productive efficiency if it

A

distributes income and wealth equally among all households.

B

cannot increase the output of one good without decreasing the output of another.

C

maximises the growth rate of real Gross Domestic Product (GDP).

D

operates at a point where the marginal utility of consumption is equal to marginal cost.

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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