1.1 Economic methodology and the economic problem

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Question 39
Easy

With no change in the position of the production possibility frontier, a movement from point P to point Q illustrates that there has been:

A production possibility frontier (PPF) diagram showing a shift from Point P on the curve to Point Q inside the curve.

an increase in the economy's productive capacity

a rise in the level of unemployed resources

an increase in the opportunity cost of capital goods

a rise in allocative efficiency

1.1 Economic methodology and the economic problem Questions

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