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Fully discuss how the production possibility frontier demonstrates the basic economic problem of scarcity . This question needs evidence of research . Reference . The
Fully discuss how the production possibility frontier demonstrates the basic economic problem of scarcity . This question needs evidence of research . Reference .
The production possibility frontier is the first Economic model that demonstrates the economic problem of scarcity. (MARK SCHEME: 7 marks for diagram; 18 marks for discussion)
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