How to pronounce“ppf”in English
possibilities frontier, showing an inefficient use of resources. So every possible combination inside the curve is inefficient, and on the curve is efficient and outside the curve is impossible.
Now let's compare this PPF to China's. China can produce 100 planes per day or 800 tons of shoes. Since the United States can produce more planes than China, they have an absolute
advantage in the production of planes. The US also has an absolute advantage in the production of shoes.
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Definitions of “ppf”
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