Sweden has a mixed economic system. In 2018, it was operating at a point inside its production possibility curve (PPC). In 2018, the country's schools employed nearly 2500 extra teachers. A few of these had previously been actors. A higher number had previously been government officials involved with regulation of Swedish monopolies. Analyse why an actor may decide to become a teacher.

Economics
IGCSE&ALevel
CAIE
Exam No:0455_m21_qp_22 Year:2021 Question No:5(c)

Answer:

Coherent analysis which might include:
Wage rate may be higher (1) enable more goods and
services to be purchased (1) higher living standards (1)
demand for teachers may increase (1).
Greater job security (1) actors often experience
frictional/casual unemployment (1).
More sociable/convenient working hours (1) may fit in more
with having children (1) teachers may also enjoy longer
holidays (1).
Working conditions may be better (1) may be a safer
environment (1) may have better pensions (1).
May find they are better qualified / suited to be a teacher (1)
more likely to be successful in the career (1).
May gain more job satisfaction (1) enjoy helping children
learn (1).

Knowledge points:

1.3.2 the influence of opportunity cost on decision making
3.3.1 factors affecting an individual’s choice of occupation (Wage and non-wage factors.)

Solution:

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