Economics 9708 · AS & A Level · Production possibility curves

Production possibility curves — practice question

(a)[8]

Use production possibility curve diagram(s) to show the difference between economic growth and a decrease in the amount of unused resources in an economy, and explain one reason that could bring about each one.

(b)[12]

Discuss whether moving an economy away from central planning and towards a free market for resource allocation is likely to be of overall benefit to the citizens of that economy.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: Sound knowledge and understanding of a production possibility curve, with axes that are suitable and correctly labelled

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