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Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point ...

greyfrost

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Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point ...

Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point below that PPF. Assuming that the PPF has not shifted, this could be due to

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a gain of resources.

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a loss of resources.

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technological improvement in the production of both goods.

▸

a new law that interferes with economic efficiency.

Textbook

Economics

Edition: 12^th

Author: Arnold

Read 85 times

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dressagegal1

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More solutions for this book are available here

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greyfrost Author

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A year ago

Correct

gma_of_7

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

jasonbourne

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Smart ... Thanks!

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