The production possibilities frontier model shows

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Reference no: EM131102571

The production possibilities frontier model shows that

a) if consumers decide to buy more of a product its price will increase.

b) a market economy is more efficient in producing goods and services than is a centrally planned economy.

c) economic growth can only be achieved by free market economies

d) if all resources are fully and efficiently utilized, more of one good can be produced only by producing less of another good

Reference no: EM131102571

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