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Expansion of the production possibilities curve

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Reference no: EM133034839

Discuss the factors that affect the expansion of the production possibilities curve. Look at this curve as shown in your text. What do you notice? What do you believe it would take to expand the possibilities for further production? How might specialization play a role in this expansion? Then, examine the circular diagram in your text. What might you suggest as some changes to the flow of energy (money, resources, and time) so that production possibility would be expanded?

Reference no: EM133034839

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