A level economics notes. National Income and Accounting.

A level economics notes. National Income and Accounting.

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The Production Possibility Frontiers (PPF) model is an economic model that considers the maximum possible production (output) that a country can generate if it uses all of its factors of production efficiently to produce only two goods/services Jan 29, 2025 · Author: Lisa Eades Expertise: Business Content Creator Lisa has taught A Level, GCSE, BTEC and IBDP Business for over 20 years and is a senior Examiner for Edexcel. 1. Reduced choice: Protectionism reduces both the quantity and variety of goods/services available to customers Increased prices: Protectionism either reduces the supply of goods and services, which leads to higher prices, or in the case of tariffs, directly leads to higher prices Free H2 economics notes for 'A' levels! Find notes for every chapter & other learning materials all designed by a experienced specialist tutor! Concise topic-by-topic study notes. . 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