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25 December, 15:20

Select the correct answer.

What does a production possibilities curve represent?

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  1. 25 December, 18:05
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    The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions.
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