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Which of the following is assumed when drawing an economy's one-year production possibilities curve? A fixed quantity of resources and changing levels of technology A
Which of the following is assumed when drawing an economy's one-year production possibilities curve?
- A fixed quantity of resources and changing levels of technology
- A fixed quantity of available resources and an unchanging level of technology
- A continual increase in the productivity of resources
- An unchanging level of technology and a changing quantity of resources
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