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Consider an economy that tries to achieve higher economic growth over time by encouraging production activities without paying any attention to the environmental quality. Assume
Consider an economy that tries to achieve higher economic growth over time by encouraging production activities without paying any attention to the environmental quality. Assume that the resources and technology used in the economy stay the same. Show, using a well labeled diagram with appropriate production possibility frontier/s and indifference curve/s, how the economy might move over time.
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