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CHAPTER 2 The Economic Problem

CHAPTER 2 The Economic Problem. Production and Growth. Define production possibility frontier Define production efficiency Explain how economic growth expands production possibilities Define allocative efficiency. The Production Possibility Frontier (PPF).

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Chapter 1 What is Economics?

Chapter 1 What is Economics?. S1: Scarcity and Factors of Production S2: Opportunity Cost S3: Production Possibilities Curves. Bell Work: S1 (10 minutes). Get book, folder, and texts Pick up Chapter 1 and Unit Worksheets 3 hole punch them and place in Folders

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