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Economics
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30 Oct 2020

1. The tradeoff between economic output and the environment can be analyzed with the help of a:

a. demand curve

b. production possibility frontier(PPF)

c. budget line

d. Opportunity cost curve

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Microeconomics
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Finding out the Tradeoff between Economic Output and Environment
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Raushan Raj
Raushan RajLv8
30 Oct 2020

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Related questions

The first principle of economics is that people face trade-offs. Use a Production Possibility Frontier to illustrate society's tradeoff between a clean environment and quantity of industrial output. What determines the shape of the PPF?

2) Which one of the following concepts is not illustrated by a production possibilities frontier? A) monetary exchange B) scarcity C) attainable and unattainable points D) opportunity cost E) the tradeoff between producing one good versus another Use the table below to answer the following questions. Table 1 Production Possibilities Possibility Kilograms of Butter Guns

What line on production possibilities does the curve show the amounts of goods produced using all the resources?

a. Production Possibility Frontier

b. Opportunity Cost Line

c. Utilisation of resources

d. Maximum Possible Production Line

 

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