Economics 9708 · AS & A Level · Production possibility curves

Production possibility curves — practice question

(a)[8]

Explain how production possibility curves may be used to represent microeconomic and macroeconomic issues.

(b)[12]

Discuss whether money or the division of labour is likely to have made the larger contribution to economic progress.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Grasp of the micro/macro distinction and ppc” …