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Why is a PPF bowed outward? – Econ Eye

By A Mystery Man Writer
Last updated 12 Jun 2024
Why is a PPF bowed outward? – Econ Eye
A student asks… Why is a PPF bowed outward? Why isn’t it just a line? What is a PPF? The quantities of goods and services we can produce are limited by our available resources and by technology. If we want to increase our production of one good, we must decrease our production of something else.…
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