Unit 1 - Production possibilities curve (PPC)
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Last updated 9:59 PM on 5/26/24
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5 Terms
1
New cards
A
not using all resources
2
New cards
X
unattainable with fixed resources and available tech
3
New cards
A → D
actual growth
4
New cards
D → X
potential growth
5
New cards
For potential growth you need
increased tech quality, quality of FOP quantity of FOP
