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Re: Examination Paper for PPC
As you want to know about the Examination Paper for production possibility curve so here is the information of the same: Some content of the file has been given here: Show how production possibility curves may be used to explain any two economic ideas. [8] A production possibility curve (ppc) shows the alternative combinations of two goods that can be produced when an economy fully uses its resources. Likely economic ideas are scarcity (contrast within and without curve) and opportunity cost (movement between points on curve) although unemployment and growth may also be considered. Meaning of PPC (2) and choice of two valid concepts (2) Explanation of use of PPC to illustrate each economic idea. Up to 3 marks for one idea explained well, but 4 maximum for this part of the question. For more information I am uploading a PDF file which is free to download: |
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