DP Economics Questionbank
The role of the price mechanism
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Description
[N/A]Directly related questions
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16N.1.SL.TZ0.1a:
Using a production possibilities curve (PPC) diagram, explain why choices have to be made in all economies.
- 16N.1.SL.TZ0.2a: Explain why changes in the price of goods and services may lead to changes in resource allocation.
- 21M.1.SL.TZ1.1a: Explain how the price mechanism reallocates resources when there is a decrease in the supply of a...
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17M.2.SL.TZ0.04c:
Using a definition of the term opportunity cost and information from the text, explain how the servicing of debt has an opportunity cost that may affect economic development in Sri Lanka.
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21M.3.HL.TZ0.1a:
Assuming that 25 000 pencils are produced initially, identify the opportunity cost for Country H if the production of rice is to be increased by 100 %.
Sub sections and their related questions
Resource allocation
-
16N.1.SL.TZ0.1a:
Using a production possibilities curve (PPC) diagram, explain why choices have to be made in all economies.
- 16N.1.SL.TZ0.2a: Explain why changes in the price of goods and services may lead to changes in resource allocation.
-
17M.2.SL.TZ0.04c:
Using a definition of the term opportunity cost and information from the text, explain how the servicing of debt has an opportunity cost that may affect economic development in Sri Lanka.
- 21M.1.SL.TZ1.1a: Explain how the price mechanism reallocates resources when there is a decrease in the supply of a...
-
21M.3.HL.TZ0.1a:
Assuming that 25 000 pencils are produced initially, identify the opportunity cost for Country H if the production of rice is to be increased by 100 %.
