UOP ECO/535

A country’s production-possibility curve is determined by total resource supplies and

  • how those resources can be used to produce the outputs of the products included in the production-possibilities curve.
  • the level of the country’s exports relative to the export potential of other countries.
  • the cost of those resources for both domestic and export production.
  • consumer demand for the outputs of the products included in the production-possibilities curve.

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