The Finnish forestry and timber industry employs approximately 42,000 people directly, with a large proportion of these jobs located in rural, northern communities.
Discuss the likely impacts on an economy of specialising in the timber and forestry industry. Use a production possibility frontier (PPF) diagram in your answer.
85 exam-style questions on Edexcel A A Level Economics 1.1 Nature of economics, covering 1.1.1 Economics as a social science, 1.1.2 Positive and normative economic statements, 1.1.3 The economic problem, 1.1.4 Production possibility frontiers, 1.1.5 Specialisation and the division of labour, and 1.1.6 Free market economies, mixed economy and command economy. Each one has a worked solution and a mark scheme showing where the marks go.