Different combination of the two goods in the model

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Question: A movement from a point such as A on a PPC to another point, such as B on a PPC tells us that: society wishes to substitute more consumer goods for capital goods. productivity is higher and society can produce more. the labour force has grown or more resources are available. the economy has decided to produce a different combination of the two goods in the model.

Reference no: EM133710565

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