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IB Econ: 1.1 & 1.2

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Using a PPC, draw out a scenario of "actual growth"

Must be fully labeled; PPC does NOT shift outward.

Using a PPC, illustrate a scenario in which there is a constant opportunity cost between two goods (use actual goods)

E.g. farming goods, same colored pens

What are the three basic economic questions? Briefly elaborate.

What to produce, how to produce, for whom to produce.

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