Economics 9708 · AS & A Level · Production possibility curves

Production possibility curves — practice question

From the diagram, LM represents an economy’s production possibility curve. Which statement is correct?

  • AE only is attainable.
  • BF is economically efficient.
  • CG may be economically efficient but is not productively efficient.
  • DH is productively efficient but may not be economically efficient.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI