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  • PPC 9 T Test 30 Aug 2021

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    Zainab Durrani
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    The document discusses a 9 T Economics Assessment on the topic of production possibility curves. It asks students questions about the opportunity cost of going to university, why university graduates usually earn more than non-graduates, and how an increase in the number of graduates would affect a country's production possibility curve. Students are asked to describe the opportunity cost of university, explain why graduates earn more, and analyze the effect on the economy using a PPC diagram.

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    The document discusses a 9 T Economics Assessment on the topic of production possibility curves. It asks students questions about the opportunity cost of going to university, why university graduates usually earn more than non-graduates, and how an increase in the number of graduates would affect a country's production possibility curve. Students are asked to describe the opportunity cost of university, explain why graduates earn more, and analyze the effect on the economy using a PPC diagram.

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    © All Rights Reserved
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    8 views4 pages

    PPC 9 T Test 30 Aug 2021

    Uploaded by

    Zainab Durrani
    The document discusses a 9 T Economics Assessment on the topic of production possibility curves. It asks students questions about the opportunity cost of going to university, why university graduates usually earn more than non-graduates, and how an increase in the number of graduates would affect a country's production possibility curve. Students are asked to describe the opportunity cost of university, explain why graduates earn more, and analyze the effect on the economy using a PPC diagram.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    9 T Economics Assessment Topic: Production Possibility Curve Name: _______ Date ________

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    9 T Economics Assessment Topic: Production Possibility Curve Name: _______ Date ________

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    9 T Economics Assessment Topic: Production Possibility Curve Name: _______ Date ________

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    9 T Economics Assessment Topic: Production Possibility Curve Name: _______ Date ________

    Q2. Students have to consider the opportunity cost of going to university. University graduates usually
    earn more than people who have not gone to university. Having more graduates influences a country’s
    production possibility curve. Some economists suggest that students should pay the full cost of their
    university courses and accommodation. Others say that the government should pay some or all of the
    cost.

    (a) Describe a possible opportunity cost of a student going to university. [2]

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    (b) Explain why university graduates usually earn more than people who have not gone to university.[4]

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    (c) Using a production possibility curve diagram, analyse what effect an increase in the number of
    graduates will have on an economy. [6]

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