lectur12-page28 - resources, or less resources, physical...

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28 Improved Technology v An advancement in technology means more goods and services can be produced with the SAME amount of available resources ( PE ). Whenever we can produce more goods and services with the same amount of
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Unformatted text preview: resources, or less resources, physical efficiency has been enhanced....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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