Economics 9708 · AS & A Level · Production possibility curves
Explain how a production possibility curve can be used to show scarcity, choice and opportunity cost.
Discuss the difficulties that may arise when introducing supply side policies to increase the productive capacity of an economy and assess whether these difficulties can be overcome.
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Knowledge and understanding of a production possibility curve (PPC) as the curve that shows the maximum level of output that an economy can achieve given its current level of resources/technology (Up to 2 marks).” …