The Production Possibility Frontier of a country has a slope equal to the ratio of the international factor market prices. is the set of allocations of goods that can be produced using the available factor endowment in a country. is the set of feasible allocations of goods in a country such that all resources are fully used. has a slope that reflects the risk attidues of the consumers.

PPF of a country is the set of feasible allocations of goods in a country such that all resources…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The Production Possibility Frontier of a country

		has a slope equal to the ratio of the international factor market prices.
		is the set of allocations of goods that can be produced using the available factor endowment in a country.
		is the set of feasible allocations of goods in a country such that all resources are fully used.
		has a slope that reflects the risk attidues of the consumers.

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