IB skill practice

Explain scarcity, choice, opportunity cost, and PPCs

Economics SL skill with original exam-style diagram and data-response seeds.

Paper 1, Paper 2 5 marks Difficulty 3

Explain PPC outward shift

A Wellington grocery market article reports better technology and training in an economy. Explain how this would affect the production possibilities curve. Enter the answer and choose the interpretation that best matches the economic evidence.

Worked practice: economic evidence and answer

Identify the economic evidence first, then state the result and interpretation.