UNITED NATIONS, APRIL 6 -- Iraq today accepted the U.N. Security Council's tough resolution formally ending the Persian Gulf War in exchange for President Saddam Hussein's agreement to give up all weapons of mass destruction and pay damages for its seven-month occupation of Kuwait.
The production possibility chart/frontier assist in outlining opportunity cost as it compares the production cost of one product to another. The purpose of this curve/chart/frontier is to show the different combinations/mixture of two goods that are produced by the given resources.
<u>Assumptions of production possibility frontier;
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1. A certain amount of resources is given.
2. Full and efficient use of available resources has been done.
3. Change in technique.
Answer:
It took place in the 1947-1991 in the US, Soviet Union, Europe, Vietnam, Cuba Korea, Latin America, Greece, East Asia, and South America. Other events were Sino-Soviet split and Berlin Crisis of 1961
Explanation:
