Show the following situation with PPF (PPC)
(a) Fuller utilisation of resources (b) Growth of resources.
Under utilisation of resources.
An economy always produces on, but not inside a PPC. Defend or refute.
A lot of people die and many factories were destroyed because of a severe earthquake in a country. How will it affect the country’s PPC?
Calculate MRT from following table. What will be the shape of PPF and why?