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What does a production possibility frontier show

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Todd: What does a production possibility frontier show us about a nation's economy? What does it mean if an economy is at a point inside of the PPF curve? Where do you think the United States economy currently is in relation to our PPF curve? What does a nation need to do if they want their economy to reach a point outside of the PPF curve, and what are some steps they can take to make that happen?

Reference no: EM131631545

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