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Answer 1

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The ability of a country to produces goods and services with the limited resources and technology is known as production possibilities of the economy. Explanation: ... It is therefore possible to increase production of both goods at the same time as long as resources allow it.

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Answer 2

Answer:

The ability of a country to produces goods and services with the limited resources and technology is known as production possibilities of the economy. Explanation: ... It is therefore possible to increase production of both goods at the same time as long as resources allow it.

Explanation:

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