IB Economics (HL)Introduction to economics

Unit 1 - Production possibilities curve (PPC)

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part 2

Economics

IB Economics (HL)

Introduction to economics

5 Terms

1

A

not using all resources

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2

X

unattainable with fixed resources and available tech

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3

A → D

actual growth

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4

D → X

potential growth

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5

For potential growth you need

increased tech quality, quality of FOP quantity of FOP

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