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This presentation is based on the Economic Models, that is the Circular Flow Model and Production Possibility Frontier. It describes about the Production Possibility Curve.
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This presentation is based on the Economic Models, that is the Circular Flow Model and Production Possibility Frontier. It describes about the Production Possibility Curve.
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Chapter 1 What Is Economics
1.
Economics: Principles in
Action C H A P T E R 1 What Is Economics?
2.
Section 1 –
Scarcity and the Factors of Production
3.
4.
5.
6.
The Factors of
Popcorn Production
7.
8.
Section 2 –
Opportunity Cost
9.
10.
11.
12.
Section 3 –
Production Possibilities Graph
13.
14.
15.
16.
17.
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