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(a) Explain the assumptions and shape of the production possibilities curve that helps to illustrate and clarify society's economizing problem. (b) The scientific method is

(a) Explain the assumptions and shape of the production possibilities curve that helps to illustrate and clarify society's economizing problem.

(b) The scientific method is being used by economists to formulate theories, laws, and principles.Explain the mechanism behind such research method in deriving economic theories.

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