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For some years now Australian governments have had a policy of increasing the proportion of young people who attend university. While this reduces the number
For some years now Australian governments have had a policy of increasing the proportion of young people who attend university. While this reduces the number of people available for work it also increases the skills of these people when they eventually graduate from university and enter the workforce. Use a production possibilities frontier
model to show the effects of such a policy on the output of the nation over time
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