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Trade-offs, Comparative Advantage, Market System

Trade-offs, Comparative Advantage, Market System. Chapter 2. Ch. 2: Trade-offs, Comparative Advantage, and Market System. The scarcity and OC concepts can be explained in terms of the production possibilities schedule (PPS), or curve (PPC), frontier (PPF) PPS or PPC (PPF)

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Increasing oc - PowerPoint PPT Presentation

Trade-offs, Comparative Advantage, Market System