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a.Draw a production possibility frontier for a country that produces two goods: beer and pretzels. Assume that resources are equally suited to both tasks.
b.Define opportunity costs.
c.Use your production possibility frontier graph to demonstrate the principle of opportunity costs.
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Minutes
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A table used to show the frequency distribution of two or more variables and analyze the relationship between them.
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The act or state of possessing a car, which includes responsibilities such as maintenance, insurance, and compliance with legal requirements.
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