CSEC Economics · May/June 2016 · Paper 2 · Question 5(c)
Explain the difference between 'increasing opportunity costs' and 'constant opportunity costs'.
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Practise this questionOther parts of this question
- 5(a)(i)Define the term 'Economics'.[2 marks]
- 5(a)(ii)Define the term 'Money cost'.[2 marks]
- 5(b)List the THREE main sectors in an economy.[3 marks]
- 5(d)(i)Describe the impact on the production possibility curve of a country if there is heavy unemployment.[2 marks]
- 5(d)(ii)Describe the impact on the production possibility curve of a country if large-scale migration occurs in developed countries.[2 marks]
- 5(e)Draw a diagram of the production possibility curve and label it to show increasing opportunity costs.[5 marks]
More practice: the rest of this paper · more Scarcity, Choice, and Opportunity Cost questions · all CSEC Economics past papers