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Economics > Production possibility curves-4 > Flashcards

Production possibility curves-4 Flashcards

1
Q

What are the 2 other names for a production possibility curve?

A
  1. Production possibility frontier
  2. Production possibility boundary.
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2
Q

What does a PPC/production possibility curve represent?

A

It shows the most amount of products that can be made with the available resources.

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3
Q
A
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Economics (3 decks)

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