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Card 26
Front
An economy with a high level of income per head.
Back
Card 27
Front
this shows maximum quantities of different combinations of output of two products, given current resources and the state of technology.
Back
Card 28
Front
An economy with a relatively low level of income per head.
Back
Card 29
Front
The calculation involved in deciding on whether to give up one good for another.
Back
Card 30
Front
The maximum output that an economy is capable of producing.
Back
Card 31
Front
The way in which production is organised in a country or group of countries.
Back
Card 32
Front
Change in the productive potential of an economy.
Back
Card 33
Front
A method of allocating resources by the free movement of prices.
Back
Card 34
Front
An economic system whereby resources are allocated through the market forces of demand and supply.
Back
Card 35
Front
The quantity of a product that consumers are able and willing to purchase at various prices over a period of time.
Back
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