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The production possibilities curve represents the set of all:

nursemegan

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The production possibilities curve represents the set of all:

The production possibilities curve represents the set of all:

▸ nonlinear forms of production in the economy.

▸ factors of production that can be used to manufacture goods and services.

▸ combinations of goods and services that can be used in the production of other goods and services.

▸ feasible combinations of goods that the economy can produce given that a nation's resources are fully employed.

Textbook

Microeconomics: Principles, Applications, and Tools

Edition: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 97 times

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