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Social Studies, 11.10.2021 09:30 josephv80

In 2017, a series of powerful hurricanes destroyed many homes and factories in the British Virgin Islands. Rebuilding will take time and involve an opportunity cost as resources will need to be diverted from other uses. As a result, many people may decide to emigrate. 1.Explain why it is impossible to solve the economic problem. 2.Using a production possibility curve diagram, analyse the effect of a reduction in the resources available to an economy.

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