PPC’s Flashcards

1
Q

What are the assumptions of the PPC?

A
  1. Only two combinations of goods/services can be produced.
  2. The amount of resources available is fixed.
  3. Technology is fixed.
  4. Resources can be transferred.
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2
Q

How can the PPC be moved out/in?

A

Changes in the technology or a change in the quantity of available resources.

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