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What does a point on a PPF show?
A
The economy uses all resources fully and efficiently with unlimited productive potential.
B
The economy uses all resources fully and efficiently at maximum productive potential.
C
The economy uses all resources partly and efficiently at maximum productive potential.
D
The economy uses some resources fully but inefficiently below maximum productive potential.
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1.1.4 Production possibility frontiers Flashcards
20 flashcards on Edexcel A A Level Economics 1.1.4 Production possibility frontiers: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.