(a)[8]
Explain why every type of economic system gains from the existence and use of money.
(b)[12]
Discuss whether an economy’s production possibility curve is more likely to shift inward or outward over time.
Economics 9708 · AS & A Level · Resource allocation in different economic systems
Resource allocation in different economic systems — practice question
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This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Knowledge and understanding of 'money' and 'types of economic system'” …
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