Economics Multiple Choice Question – 26 December 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Scarcity is represented on the production possibilities frontier by …… ?

Select ONE answer:

  1. the fact that there are only two goods in the diagram.
  2. technological progress.
  3. the amount of the good on the horizontal axis forgone.
  4. the fact there are attainable and unattainable points.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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