PPF

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  • Created by: ishah
  • Created on: 11-05-13 17:35
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  • PPF
    • curve depicting max output possibilities 2+ goods given set of inputs
    • illustrate:
      • opp' cost
      • scarcity
      • choice
      • efficiency
    • curved: opp' costs increases as more produced
    • any point on curve - prductively efficient
    • point inside curve - inefficient
    • outside curve - unattainable
    • eco growth shifts PPF

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