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Business, 16.02.2021 09:10 hiiliohi1018
Suppose Scotland produces only trucks and cars. The resources that are used in the production of these two goods are not specialized—that is, the same set of resources is equally useful in producing both cars and trucks.
The shape of Scotland's production possibilities frontier (PPF) should reflect the fact that as Scotland produces more cars and fewer trucks, the opportunity cost of producing each additional car
1. Increases
2. decrease
3. remains the same
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Suppose Scotland produces only trucks and cars. The resources that are used in the production of the...
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