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26 October, 03:17

When an economy is at full employment, the production possibilities frontier illustrates which principle of economics:?

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  1. 26 October, 03:37
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    When an economy is at full employment, the production possibilities frontier illustrates the cost of something is what you give up to get it. The production possibilities model describes that even at full employment, limited resources would only allow up to a certain amount of services and goods. It focuses on trade off and opportunity costs.
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