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Unformatted text preview: If no full employment, production falls under curve Law of Increasing Opportunity Costs As the production of a particular good increases, the opportunity cost of producing an additional unit rises-Unemployment, Growth, and the Future Economic Growth More resources Better quality resources Technological advances Present Choices + Future Possibilities Specialization + International Trade Same as more and better resources Same as improved technology More desired good at lass sacrifice of another good...
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- Fall '09