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The importance of production possibilities curve is that it helped demonstrate the maximum possible output of goods given a set amount of resources.
<h3>What is a production possibilities curve?</h3>
It refers to the economic model that shows the maximum combinations of goods and services or any two categories of goods that can be produced from a fixed amount of resources.
The model of Production Possibilities Curve are used to show the tradeoffs associated with allocating resources between the production of two goods. It can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, contractions as well.
In conclusion, the importance of production possibilities curve is that it helped demonstrate the maximum possible output of goods given a set amount of resources.
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One party can pass virtually all bills they want and keep the other party from passing bills.
Congress could prevent a president from creating a bill by disapproving it due to unconstitutional issue or budget issues. If one party control both white house and the Congress that party will have nobody to limit their movements in deciding which bills should be created.
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The Civil Rights Act of 1866 (14 Stat. 27–30, enacted April 9, 1866, but not ratified until 1870) was the first United States federal law to define citizenship and affirm that all citizens are equally protected by the law. ... The Act was passed by Congress in 1865 and vetoed by United States President Andrew Johnson.
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