Economy, asked by meenatiwari07, 7 months ago

urgent please answer

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Answered by SrinivasDash

1

The four key assumptions underlying production possibilities analysis are:

(1) resources are used to produce one or both of only two goods.

(2) the quantities of the resources do not change. (3) technology and production techniques do not change.

(4) resources are used in a technically efficient way.

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