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Course: AP??/College Macroeconomics?>?Unit 1
Lesson 2: Opportunity cost and the Production Possibilities Curve- Production possibilities curve
- Opportunity cost
- Increasing opportunity cost
- PPCs for increasing, decreasing and constant opportunity cost
- Production Possibilities Curve as a model of a country's economy
- Lesson summary: Opportunity cost and the PPC
- Opportunity cost and the PPC
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Opportunity cost and the PPC
Problem
The graph below illustrates two production possibilities of the country of Xam.
Which of the following movements would represent economic growth?
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