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If there is an increase in the amount of good B foregone as every additional unit of good A is produced,the PPF between goods A and B would
Market Economy
An economic system in which economic decisions and the pricing of goods and services are guided chiefly by the aggregate interactions of a country's citizens and businesses.
Personal Liability
The legal responsibility of an individual to cover the loss or damage incurred by their actions, potentially affecting their personal assets.
New Middle Class
A socio-economic group that emerged in industrial societies, characterized by higher education levels, professional occupations, and relatively high income.
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