A-level Paper 1, June 2019Markets and Business Behaviour
A-level Paper 1, June 2019, Q2(b)
The diagrams show movements from position X to Y on production possibility frontiers. In which one of the diagrams does the movement from X to Y illustrate the most likely impact on the US economy of a natural disaster such as HurricaneOption AOption A Option BOption B Harvey?
Multiple choice1 mark
Context
In August 2017 Hurricane Harvey caused the closure of nearly a quarter of the oil production capacity in the United States. Quantity …
AB goodsgoods goodsgoods Output ofOutput of Output ofOutput of XX YY consumerconsumer consumerconsumer YY XX goodsgoods goodsgoods XX YY YY XX Option COption C Option DOption D
CD Output ofOutput of Output ofOutput of consumerconsumer Option COption C consumerconsumer Option DOption D goodsgoods goodsgoods YY YY Output ofOutput of Output ofOutput of consumerconsumer consumerconsumer XX goodsgoods goodsgoods YY YY XX XX XX Cost/revenue (£) MC
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