Economics 9708 · AS & A Level · Production possibility curves
Explain how a production possibility curve with increasing opportunity costs shows the effects of a government’s decision to produce more military goods. Support your answer with a diagram.
Discuss whether supply side policies are the most effective way to generate growth in an economy.
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Knowledge and Understanding: an accurate PPC diagram showing increasing opportunity costs, with military goods on one axis and another appropriate category of goods on the other (Up to 2 marks)” …