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Marianna takes the bus to school every day. One morning a different bus is used on her route. Marianna does not notice the change even though her usual bus is blue and white and the new bus is green and black. Marianna is showing:
Production Possibility Frontier
An illustration that outlines the peak production capacities for a pair of goods, considering the available resources and technological advancements.
Efficient
Description of a market or economy that takes all opportunities to make some people better off without making other people worse off.
Production Rate
The speed at which goods are manufactured or produced in a given period.
Production Possibility Frontier
A chart that outlines the utmost production possibilities for two types of goods, contingent upon a selection of resources and other conditions.
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