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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
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Problem 10
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 10
Problem 10
Which of the following best describes the shape of a typical PPF curve?
A
Concave to the origin.
B
Linear.
C
Circular.
D
Convex to the origin.
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