Production Possibility Diagrams Flashcards

1
Q

What are Production Possibility Curves?

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2
Q

Explain, using Production Possibility Diagrams: OPPORTUNITY COST

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3
Q

Explain, using Production Possibility Diagrams: ECONOMIC EFFICIENCY

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4
Q

Explain, using Production Possibility Diagrams: ECONOMIC GROWTH

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5
Q

Explain Economic Efficiency

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