One way in which hammurabi and justinian are similar

1 answer:

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Hammurabi and Justinian are both similar because they both established one of the first examples of written law, some still used today.
Justinian rewrote the Roman law and Hammurabi is known for the set of laws called "Hammurabi's Code" which is one of the first written codes of law in recorded history.

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Hy are most production possibilities frontiers (ppfs) for goods bowed outward (concave downward)?

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<h3>Hy is most production possibilities frontiers (PFS) for goods bowed outward (concave downward)?</h3>

Generally, The Productivity and Potential Frontier is sloping downward because there are not enough productive resources, but it is bowing outward because resource allocation is driven by comparative advantage.

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In conclusion, The scarcity of productive resources is what causes the PPF to slope downward. It follows that the rule of growing opportunity cost will be valid if such an allocation is performed.