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2 marksScarcity, Choice, and Opportunity Cost

CSEC Economics · May/June 2016 · Paper 2 · Question 5(d)(ii)

Describe the impact on the production possibility curve of a country if large-scale migration occurs in developed countries.

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Other parts of this question

  1. 5(a)(i)Define the term 'Economics'.[2 marks]
  2. 5(a)(ii)Define the term 'Money cost'.[2 marks]
  3. 5(b)List the THREE main sectors in an economy.[3 marks]
  4. 5(c)Explain the difference between 'increasing opportunity costs' and 'constant opportunity costs'.[4 marks]
  5. 5(d)(i)Describe the impact on the production possibility curve of a country if there is heavy unemployment.[2 marks]
  6. 5(e)Draw a diagram of the production possibility curve and label it to show increasing opportunity costs.[5 marks]

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