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ZIMSEC O-Level Economics

6.1.3The production possibility curve and efficient resource allocation

The production possibility curve and efficient resource allocation in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 6.1.3.1Form 3: explain what a PPC shows and construct one from a table of output combinations.
  2. 6.1.3.2Form 3: interpret points on, inside and outside the PPC as efficient, inefficient and unattainable, and show opportunity cost on it.

Lessons

  • Production possibility curves: points and movements

    30 min

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Sample question

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The production possibility curve and efficient resource allocation: sample question

1 mark

An economy is producing at a point inside its production possibility curve. What does this show?

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