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Increasing Opportunity Costs
A principle stating that as the production of a good increases, the opportunity cost of producing an additional unit of this good also increases.
Bowed-Out Shape
Describes a concave production possibilities frontier that reflects increasing opportunity costs as production of one good is increased.
Attainable And Unattainable
Describes whether a certain state or outcome can be achieved with the available resources (attainable) or not (unattainable), often used in the context of production and economics.
Prices Of Commodities
The current market values assigned to raw or primary products.
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