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    Principles of Economics Study Set 8
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    Exam 2: Thinking Like an Economist
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    Figure 2-13 ​
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Figure 2-13 ​

Question 223

Question 223

Short Answer

Figure 2-13
​
Figure 2-13 ​    Consider the production possibilities curve for a country that can produce sweaters, apples (in bushels), or a combination of the two. ​ ​ ​ -Refer to Figure 2-13. The bowed outward shape of the production possibilities curve indicates that opportunity cost of apples in terms of sweaters is Consider the production possibilities curve for a country that can produce sweaters, apples (in bushels), or a combination of the two.
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-Refer to Figure 2-13. The bowed outward shape of the production possibilities curve indicates that opportunity cost of apples in terms of sweaters is

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