Economics 9708 · AS & A Level · Production possibility curves

Production possibility curves — practice question

(a)
  • Draw a production possibility curve to illustrate the trade-off between educational and popular television programmes. Explain what may happen if the programme makers have more money because licence fees have risen. [3]
  • Explain how an increase in the licence fee needed to receive television programmes may affect the market for television sets. [4]
(b)[4]

In what way does Fig. 1 support the view that the BBC creates more value than viewers pay?

(c)
  • Comment on the relative positions of national defence and police services in Fig. 2. [3]
  • Discuss whether including education and health as public goods in Fig. 2 is justified. [6]

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