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1.5.2 shape of the PPC: constant and increasing opportunity costs

Card 1 of 20

The opportunity cost of gaining one good, measured in units of the other good.

A

The income earned from producing one good, measured in currency.

B

The total output of both goods, measured in physical units.

C

What does the slope of a PPC measure?

D

The productive efficiency of an economy, measured as a percentage.

Card 1 of 20

1.5.2 shape of the PPC: constant and increasing opportunity costs Flashcards

  1. Intl A Level
  2. /Economics
  3. /1.5.2 shape of the PPC: constant and increasing opportunity costs

20 flashcards on CIE Intl A Level Economics 1.5.2 shape of the PPC: constant and increasing opportunity costs: the key terms and definitions you need to recall.

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