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Question: 3 problems and applications q3 the first princip e of...

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3. Problems and Applications Q3 The first princip e of economics discussed in Chapter 1 ls that people ace trade-offs. The following production possibilities trade-offs between spending money on two goods: a clean environment and the quantity of industrial output. ont ег llus rates societys Show what happens to the production possibilities frontier (PPF) if new technology develops that makes cleaning the air cheaper. PPF PPF Quantity of Industrial Output Grade It Now Save & Continue Continue without saving

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