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1.1 Economic methodology and the economic problem

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Question 44

The diagram below shows two production possibility frontiers (PPF1 PPF_1\,PPF1​ and PPF2PPF_2PPF2​) for an economy producing agricultural and manufactured goods.

PPF Diagram

Which one of the following movements represents an economy that has achieved short-run economic growth by utilizing unemployed resources, but has not experienced any change in its productive potential (long-run growth)?

Movement from XXX to YYY

Movement from WWW to XXX

Movement from WWW to YYY

Movement from YYY to ZZZ

1.1 Economic methodology and the economic problem Questions

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