Comparative Advantage and Gains from Trade
AP Macroeconomics · Flashcards
AP MACROECONOMICS · FLASHCARDS
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QUESTION
What does a shift in the PPF signify?
QUESTION
What does a point outside the PPF indicate?
QUESTION
What does a point on the PPF curve represent?
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ANSWER
Efficient production use of resources. All resources are fully employed and allocated optimally.
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