The production possibilities curve shifts to the left when resources in the economy increase.
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Q17: An increase in unemployment will cause this
Q18: Factors of production are resources used in
Q19: Capital is a good used in the
Q20: The production possibilities curve shows the different
Q21: The law of increasing costs states that
Q23: Any point inside a production possibilities curve
Q24: If resources are underemployed, then the economy
Q25: An economy is producing efficiently when all
Q26: If Belgium has a comparative advantage over
Q27: The United States has an absolute advantage
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