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1.1 Economic methodology and the economic problem

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Question 4

A municipal transit authority has a fixed development budget to allocate between two critical infrastructure initiatives: 'Electric Bus Rapid Transit (eBRT) lines' and 'Subway expansion tracks'.

Draw a production possibility diagram representing the potential combination of these two transit options that the authority can construct. Assuming all available budget and planning resources remain fully and efficiently utilised, show on your diagram the opportunity cost of increasing the construction of Electric Bus Rapid Transit (eBRT) lines.

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Markscheme

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem

123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.

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