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Consider the PPC of Country B, which produces wheat and cloth. The PPC is bowed outwards.
Description
Production Possibility Curve of Country B
The PPC shows the trade-offs between wheat and cloth production.
| Wheat | Cloth |
|---|---|
| 0 | 200 |
| 100 | 150 |
| 200 | 80 |
| 300 | 0 |
- a[3]
Explain why the PPC is bowed outwards.
Aim for approximately 3 distinct marking points.
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