economic phenomena

What Is True When The Production Possibilities Frontier Is Linear?

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What Is True When The Production Possibilities Frontier Is Linear? If opportunity costs are constant, a straight-line (linear) PPF is produced. This case reflects a situation where resources are not specialised and can be substituted for each other with no added cost. Which of the following is true of the production possibilities curve? Which of

What Are The Examples Of Positive Economics?

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What Are The Examples Of Positive Economics? A positive economics example is a statement, “Government-funded healthcare surges public expenditures.” This statement is based on facts and has a considerable value judgement involved in it. Therefore, its credibility can be proven or dis-proven via a study of the government’s involvement in healthcare. What is meant by