C because wants exceed resources some method for

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(c) Because wants exceed resources, some method for allocating scarce resources is necessary.
Ramezani 2 (d) Because resources are limited, people compete with one another both to obtain the resources they need to purchase the limited resources, and to get the resources that are available. This process is called competition. Chapter 2: 5) In the preceding figure, which graph depicts a change in the PPF that is likely as a consequence of war?
6) If PPF2 in the following graph is the relevant production possibilities frontier, then which points are unattainable? Explain your answer.
Ramezani 3 Chapter 3:

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