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In: Economics

Colander – Chapter 2 Discuss the following: (please use graphs when relevant) Efficiency Inputs Outputs Increasing...

Colander – Chapter 2

  1. Discuss the following: (please use graphs when relevant)
  1. Efficiency
  2. Inputs
  3. Outputs
  4. Increasing and constant opportunity costs
  5. Production possibilities curve / frontier (PPC / PPF)
  6. Specialization
  7. Laissez-faire
  8. Absolute advantage
  9. Comparative advantage
  10. Globalization

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