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Sammyjoe1105 Sammyjoe1105
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2 months ago

The economy was at point A producing 100X and 200Y. It moved to point B where it produces 200X and 300Y. It follows that



▸

point A may have been a point below the economy's PPF, while point B may lie on the PPF.



▸

the economy's PPF could have shifted outward and point A was a point on the economy's old PPF.



▸

the economy has moved from one point on its PPF to another point on the same PPF.



▸

a or b



▸

a or c

Textbook 
Economics

Economics


Edition: 12th
Author:
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Moh1995abdelMoh1995abdel
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a or b
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