rayven2003 rayven2003

08-09-2020
Physics

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On a production possibilities curve, any point that falls outside the frontier line is considered
given the economy's current resources.

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Chestnut6201 Chestnut6201

08-09-2020

Answer:

The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions.

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