The PPF Model - PowerPoint Presentation

The PPF Model
The PPF Model

The PPF Model - Description


The economic resources nations have to produce goods and services are scarce Decisionmakers face tradeoffs as the result of scarcity The model of the production possibilities frontier is used to analyze the opportunity costs and tradeoffs that individuals firms or countries face ID: 512694 Download Presentation

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trade production comparative advantage production trade advantage comparative balls opportunity possibilities good kites resources produce cost specialization pounds ppf

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