Economics · May / June 2022 · Paper 11 · Question 24

What is the purpose of an economy's production possibility curve (PPC)?

1. AIt answers the question of what to produce in an economy.
2. BIt enables microeconomic decisions to be taken by firms.
3. CIt measures the supply of goods and services available in an economy.
4. DIt shows the productive capacity in an economy at a point in time.

As printed in the paper