1
Q
What does movement along the PPF mean?
A
Opportunity cost
(Movement of existing resources )
2
Q
What does a shift along the demand curve mean ?
A
Changes of cell factors
3
Q
Definition of production
A
Amount of output produced
4
Q
Productivity
A
How much output is produced for a given level of input in a given time period
Econmics Booklet 1
flashcards
Decks in class (6)
# Cards
