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ScotlandEconomicsQuick questions
Economics of the Market
Quick questions on The economic problem: scarcity, choice and opportunity cost - SQA Higher Economics
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
Define opportunity cost and give one example from government spending. [3 marks]
What is q2?Show answer
Using a production possibility diagram, explain the difference between a point inside the curve and a point on the curve. [4 marks]
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