Cameroon GCE A-Level Economics Practice Questions - Cameroon General Certificate Of Education Advanced Level - Economics (0725) Exam

Access More Questions

Which of the following fundamental economic concepts is illustrated by a movement from one point to another along a downward-sloping Production Possibility Frontier (PPF)?

Economic growth resulting from an increase in total factor productivity. The existence of unemployed or underutilized productive resources within the economy. Opportunity cost, whereby producing more of one good necessitates sacrificing units of another good. A shift in consumer preferences towards capital-intensive modes of production.

Correct Answer:

Opportunity cost, whereby producing more of one good necessitates sacrificing units of another good.

Access more questions from this quiz

Continue to Cameroon GCE A-Level Economics Practice Questions - Cameroon General Certificate of Education Advanced Level - Economics (0725) Exam for more practice questions and the full quiz experience.

Access More Questions