With the help of a production possibility curve (PPC) diagram(s), explain the difference between constant and increasing opportunity costs and consider how choices in deciding which type of goods to produce in the short run may influence future economic growth.

Economics
IGCSE&ALevel
CAIE
Exam No:9708_w24_qp_22 Year:2024 Question No:3(a)

Answer:





Knowledge points:

1.5.2 shape of the PPC: constant and increasing opportunity costs

Solution:

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