Scarcity
AP Microeconomics · Flashcards · Application
AP MICROECONOMICS · FLASHCARDS
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QUESTION
What does a point on the PPF indicate?
QUESTION
What does a point inside the PPF indicate?
QUESTION
What does a point outside the PPF indicate?
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ANSWER
An unattainable level of production with current resources. Production exceeds current resource and technology limits.
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