Economics 9708 · AS & A Level · Production possibility curves

Production possibility curves — practice question

(a)[8]

Explain, with the use of a diagram(s), how the production possibility curve of an economy could be affected by a decrease in the quantity of labour available, but an increase in its quality.

(b)[12]

Discuss whether supply side policies will be successful in increasing the quantity and quality of the factor enterprise in a modern economy.

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