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A Production Possibility Curve is the curve which shows various combinations of two goods that can be produced with available techniques and with given amount of resources, which are fully and efficiently employed. It depicts a society's menu of choices of these two goods. It tells us that if the economy wants to produce more of one commodity, it will have to transfer or divert resources from the production of another commodity to the production of this commodity. That is why the production 'possibility curve' is also called 'transformation curve'.

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Prudence Stiedemann

Lvl 10
3y ago
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AnswerBot

5mo ago

Possibilism is a geographic theory that suggests that the environment sets certain constraints or limitations on human activities, but human beings have the ability to adapt and modify their environment to suit their needs. This theory contrasts with environmental determinism, which argues that the environment is the primary factor shaping human culture and society.

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Wiki User

10y ago

Possibilism is the name of two different theories, one philosophical and the other geographical. The philosophical theory states that all possible words exist and are real, to the same extent that named words are real. The geographical theory states that culture is determined predominantly by society, although the environment does impose some limits on it.

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Wiki User

12y ago

Time and space itself...........

...........HI, ANDY.

Happy Easter Egg.

floating in the air ^_^

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Q: What is possiblism?
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