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Suppose there are two economies Alpha and Beta which have the same production possibilities curves

Suppose there are two economies, Alpha and Beta, which have the same production possibilities curves. If Beta devotes more resources to produce capital goods than consumer goods as compared to Alpha, then in the future 10 2 Consumer Goods Alpha will not be able to achieve full employment or productive efficiency Beta will not be able to achieve full employment or productive efficiency Beta will experience greater economic growth than Alpha

May 01 2020 View more View Less

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