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Unformatted text preview: product market gives sales revenues of firms to the producing sector producing sector gives business costs of production to the factor market factor market gives household income to the consumer sector product market gives commodities demanded by concumers to the consumer sector consumer sector gives land labor and capital to the factor market factor market gives employment of resources to the producing sector producing sector gives to the product market *consume outside of ppf*-economic growth-more technology-trade *why would you want to operate inside of ppf*-saving for future development 8.89E+070 8.89E+070 Sheet1 Page 2 8.89E+070 excise tax - gasoline, cigarettes, etc. (supply curve shifts as if costs of production went up- per dollar amount (shifts supply curve steeper)...
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- Spring '08