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2.3.5.3a - Possible costs of growth: • opportunity costs • environmental costs • balance of trade

Syllabus
2018
Objective
2.3.5.3
Level
AS

a - Possible costs of growth: • opportunity costs • environmental costs • balance of trade

Possible costs of growth:; opportunity costs; environmental costs; balance of trade deficits; increased inequality; inflation.

Use a - possible costs of growth: • opportunity costs • environmental costs • balance of trade to connect the rule to the data and decision in the question.

This matters because a - possible costs of growth: • opportunity costs • environmental costs • balance of trade determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply a - possible costs of growth: • opportunity costs • environmental costs • balance of trade to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: a - Possible costs of growth: • opportunity costs • environmental costs • balance of trade is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

ConceptA-Level Edexcel Economics AS