Economics 9708 · AS & A Level · Production possibility curves

Production possibility curves — practice question

(a)[8]

Using a diagram, explain how the causes of a movement along a production possibility curve (PPC) differ from the causes of a shift of it, and judge which of the two is likely to affect an economy most quickly.

(b)[12]

Assess whether education ought to be treated as a public good instead of as a merit good.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: A PPC is understood through an accurate diagram, with axes labelled correctly.

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