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AP Microeconomics: Basic Economic Concepts

Question:
What is a PPC (PPF)?
Answer:
a production possibilities curve (frontier); a curve that represents all possible output combinations of two goods that can be produced given the current technology and resources
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Last update by anthonymanucci on 01/28/2010
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AP Microeconomics  Basic Economic Concepts
AP Microeconomics: Basic Economic Concepts
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to review basic concepts of microeconomics in preparation for the AP Microeconomics exam
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Free Flashcard From AP Microeconomics: Basic Economic Concepts
Question: What is a PPC (PPF)?
Answer: a production possibilities curve (frontier); a curve that represents all possible output combinations of two goods that can be produced given the current technology and resources