2 years ago

On a production possibilities curve, any point that falls outside the frontier line is considered

1 answer:

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Answer:

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.

Explanation:

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