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QUESTION ONE [15] 1.1 Question 1.1.1 to 1.1.2 is based on the diagram below: PPF - Shifts GOOD X GOOD Y 1.1.1 List the economic

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QUESTION ONE [15] 1.1 Question 1.1.1 to 1.1.2 is based on the diagram below: PPF - Shifts GOOD X GOOD Y 1.1.1 List the economic concept that the diagram represents. Provide a motivation for your answer. (3) 1.1.2 Discuss the two most relevant factors that result in this economic concept. (12)

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