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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
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2. Introductory Economic Models / Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency / Problem 2
Problem 2
What does the slope of the PPF curve represent?
A
The amount of resources available.
B
The total output of the economy.
C
The opportunity cost of producing one good over another.
D
The level of consumer satisfaction.
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