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1. Used a graphical representation to explain why the production possibility frontier is the best mechanism for illustrating when resources are attainable, are resources are

1. Used a graphical representation to explain why the production possibility frontier is the best mechanism for illustrating when resources are attainable, are resources are attainable, unattainable, and underutilized

2. Differentiate among the following terms, giving examples: scarcity, opportunity cost, production possibility frontier and resources

3. Discuss three factors that cause the PPF to shift outwards and inwards

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