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Suppose South Korea produces two goods: manufacturing and services. In 1992, South Korea held its first democratic elections and has developed, strengthened, and grown its
Suppose South Korea produces two goods: manufacturing and services. In 1992, South Korea held its first democratic elections and has developed, strengthened, and grown its social institutions since. Show on a production possibilities frontier graph how this source of growth led to a biased expansion of South Korea's production possibilities
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