InterviewSolution
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InterviewSolution
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2.Draw a production possibility curve and show the following situations on the diagram: i)Full Employment ii)Under Utilization of resources iii) growth of resources Don’t spam wrong need the right one pls help |
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Answer» ion possibility curve shows all different attainable combinations of the production of two commodities that can be PRODUCED in an ECONOMY with GIVEN the resources and technology which are to be fully UTILIZED. Therefore, all the points on that BLUE curve indicates fuller and efficient utilization of resources. |
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