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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 9
Problem 9
Why is technology assumed to be fixed when constructing a PPF?
A
To simplify the analysis of production possibilities.
B
Because technology is always constant in real-world scenarios.
C
Because resources are variable.
D
To allow for unlimited production of goods.
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