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Microeconomics Revision (June 2023) Flashcards | StudBud
Microeconomics Revision (June 2023)
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The diagram shows an economy’s PPC. The economy has moved from X to Y. What can be deduced from the diagram?
A
There has been a rise in unemployment.
B
There has been an opportunity cost of OR consumer goods.
C
The economy has become more efficient.
D
Current living standards have fallen.
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