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If a country is at a point on its production possibilities frontier ( PPF ) where the slope of the PPF is steeper than the
If a country is at a point on its production possibilities frontier PPF where the slope of the PPF is steeper than the slope of the community indifference curve CIC touching that same point, then the standard of living would rise if outputs of the two goods would change so as to move down the PPF True or false? Demonstrate and explain.
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