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EnglandEconomicsQuick questions
Microeconomics: Markets and the price system
Quick questions on Scarcity, choice and the production possibility frontier - Eduqas A-Level Economics (A520)
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Explain, using a production possibility frontier, the difference between a point inside the curve and a point on the curve. [4 marks]
What is q2?Show answer
State whether the following is positive or normative and justify your answer: "Inflation is too high and the government must act." [2 marks]
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