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ECONOMICS A-LEVEL: PAPER 3 DIAGRAMS EXAM QUESTIONS AND ANSWERS 100% CORRECT!!
  • Exam (elaborations)

    ECONOMICS A-LEVEL: PAPER 3 DIAGRAMS EXAM QUESTIONS AND ANSWERS 100% CORRECT!!

  • Production possibility frontier: - ANSWER (long term growth would be rightward shift) Economic cycle: - ANSWER (curved line is actual growth compared to trend growth) Lorenz curve: - ANSWER Laffer curve: - ANSWER Comparative advantage PPF: - ANSWER Tariff diagram: - ANSWER Exchange rate diagram: - ANSWER J-curve diagram: - ANSWER (shows the effect of inelastic demand for imports and exports in the SR) (2) What does a unit elastic [+/- 1] diagram look like? - ANSWER ...
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