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Core-001 The Basics of Economics
The Basics of Economics
Production Possibility Frontier
Learning Objectives – Production Possibility Frontier – Apples and Ore
Learning Objectives - Production Possibility Frontier - Apples and Ore
In this lesson, you will learn to:
Describe four key resource types used in production
Plot a production possibility curve using two examples of scarce resources
Describe how the production possibility curve changes as tradeoffs are made
Resources - Notes and Audio
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