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Given the following Production Possibilities Schedule iPads HDTVs 5,000 0 4,500 1,000 3,500 2,000 2,000 3,000 0 4,000 If this table is graphed, the PPF
Given the following Production Possibilities Schedule iPads HDTVs 5,000 0 4,500 1,000 3,500 2,000 2,000 3,000 0 4,000 If this table is graphed, the PPF shows: A. constant opportunity costs. B. increasing opportunity costs. C. decreasing opportunity costs. D. a constant slope. The process of converting factors of production into goods and services is called: A. distribution. B. production. C. factor conversion. D. efficiency
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