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  3. 12th Class
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12th Class Economics Sample Paper Economics - Sample Paper-3

  • question_answer
    Gulf countries have acquired more capital goods by selling oil to various countries. What would be its impact on Production Possibility Curve?

    Answer:

    It is an example of growth of resources. Therefore, it results in rightward shift of Production Possibility Curve. It leads to higher level of output for the gulf countries. It is depicted in the graph given below:


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