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Northern IrelandEconomicsQuick questions
AS 1: The Market System
Quick questions on Scarcity, choice and the economic problem - CCEA A-Level Economics AS 1
3short 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
State the four factors of production and the reward earned by each. [4 marks]
What is q2?Show answer
Explain why a production possibility frontier is usually drawn concave to the origin. [4 marks]
What is q3?Show answer
Using examples, explain the difference between a command economy and a mixed economy. [6 marks]
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