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1.1.4 Production possibility frontiers

What does a point on a PPF show?

A

The economy uses all resources fully and efficiently with unlimited productive potential.

B

The economy uses all resources fully and efficiently at maximum productive potential.

C

The economy uses all resources partly and efficiently at maximum productive potential.

D

The economy uses some resources fully but inefficiently below maximum productive potential.

1.1.4 Production possibility frontiers Flashcards

  1. A Level
  2. /Economics
  3. /1.1.4 Production possibility frontiers

Flashcards for Edexcel A A Level Economics 1.1.4 Production possibility frontiers, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 20 cards, matched to the Edexcel A A Level Economics (9EC0) specification.