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Economics > QUESTIONS & ANSWERS > revision questions on Spring Econ858 (All)
1) All economic questions arise because we 2) When an economist talks of scarcity, the economist is referring to the 3) The production possibilities frontier 4) Harry produces 2 ba ... lloon rides and 4 boat rides an hour. Harry could produce more balloon rides but to do so he must produce fewer boat rides. Harry is his production possibilities frontier. [Show More]
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