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1.1.4

1.1.4 Reflection Theme 1 

Production Possibility Frontiers

May 29, 2018August 31, 2018 admin production possibility frontier

I like the production possibility frontier (PPF) , especially when it comes together with a utility curve – a clear outline of what has to be produced in a given economy. But a closer look at the PPF raises a question: what is meant by resources?

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