What is an example of an economic model?
A)Opportunity costs.
B)Scarcity of resources.
C)Positive statements.
D)Production possibilities curve.

Name: What is an example of an economic model? A)Opportunity costs. B)Scarcity of resources. C)Positive statements. D)Production possibilities curve.
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Question

Quizplus · Accepted Answer

The production possibilities curve is a graphical representation of the economic model of opportunity cost, showing the trade-offs between producing two different goods or services with limited resources.

What Is an Example of an Economic Model