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1.1 Economic methodology and the economic problem

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Question 1

Extract B (lines 8–10) states: ‘As the post-pandemic recovery commenced, health guidelines eased, enabling previously shuttered manufacturing plants and agricultural sectors to recall furloughed staff and resume operations.’

Draw a production possibility frontier (PPF) diagram for this economy, producing agricultural goods and manufactured goods, to show this short-run economic recovery.

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1.1 Economic methodology and the economic problem Questions

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