Economics 9708 · AS & A Level · Production possibility curves

Production possibility curves — practice question

(a)[8]

With the help of a diagram, compare the changes in an economy’s resources that lead to movement along its production possibility curve with the changes in an economy’s resources that lead to a shift of its production possibility curve.

(b)[12]

Discuss whether the advantages of a transition from a planned economy to a market economy consistently outweigh the disadvantages.

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