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According to the Production Possibility Model,if More Resources Are Allocated

question 213

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According to the production possibility model,if more resources are allocated to the production of physical and human capital,then all of the following are likely to happen except


Definitions:

Automatic

Operating by itself with minimal human intervention, typically through pre-established instructions or programs.

System 2

Described in cognitive psychological theory, it refers to the deliberate, effortful, and analytical mode of thinking, as opposed to fast, automatic thought processes.

Focusing

The act of prioritizing and dedicating attention to specific tasks or objectives to improve efficiency and achieve better outcomes.

Crowded

A term describing a market or sector that is saturated with competitors, making it difficult for new entries to gain a foothold.

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