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Frequently Asked Questions - PPF, PPC

FAQs - PPF, PPC

This answer should inclulde :

a PPC (production possibility curve) diagram (properly labeled) showing a shift of PPC to the left. An explanation of the diagram and its movement will fetch full marks.

 

The explanation should state that  fewer resources reduces the ability of an economy to produce both products/reduces productive potential/reduces GDP which results in the shift of PPC to the level

 

TAGS: PPF, PPC

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