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The production possibilities curve: a)graphically illustrates the concept of absolute advantage. b)graphically illustrates the concept of scarcity. c)allows us to see the concept of absolute
The production possibilities curve:
a)graphically illustrates the concept of absolute advantage.
b)graphically illustrates the concept of scarcity.
c)allows us to see the concept of absolute advantage.
d)shows the opportunity cost between all goods and services in an economy.
e)shows the relationship between absolute and comparative advantage.
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