Edexcel IGCSE Economics 1.1.1.d PPC interpretation
Practise PPC-interpretation questions by classifying points, calculating opportunity cost and drawing output movements between goods.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- Interpret PPC points as obtainable, unobtainable, fully employed or unemployed resources.
- Calculate opportunity cost from a PPC when output of consumer goods increases.
- Draw and label a PPC movement showing more of one good and less of another.
1.1.1.d Interpreting production possibility curves question 1
[Maximum number: 1]
Which one of the following does a point on a production possibility curve (PPC) represent?
A
Where capital goods should be produced
B
How the production of all goods can be increased
C
Government revenue from production
D
A given amount of resources being fully employed
Andreas is a plumber. Unlike his competitors, he is prepared to work at the weekend. However, he charges customers 50\% more for his services at the weekend.
D
All question bank results loaded