Econ Chapter 2 Vocab
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Last updated 6:01 PM on 8/19/26
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4 Terms
1
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Production Possibilities Frontier (PPF)
A graph that shows the combinations of
two goods the economy can possibly produce given the available resources and the available technology.
2
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opportunity cost
an item is what must be given up to obtain that item.
3
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capital stock
is made of durable goods used in the production of goods and services
4
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