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Cambridge IGCSE Economics (0455)
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Econ_level 2_economic Principles_production Possibility Curve Diagrams
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Question
What does a PPC show?
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Answer
The maximum combinations of two goods or services that an economy can produce with its current resources and technology.
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What does a PPC show?
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What does a point on a PPC represent?
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What does a point inside a PPC represent?
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What does a point beyond a PPC represent?
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What causes an outward PPC shift?