(Answered) Choose one of the two questions to answer in a

Management Studies

Choose one of the two questions to answer in a reply.

1. Provide 2-3 real-world examples of ways a Production Possibilities Frontier (PPF) showing two real-world goods could be moved inward or outward and describe the outcome of that inward or outward movement.

2. Imagine there is an economy that consists of a group of consumers and one factory that produces Apple iPhones. All of the consumers are employed at the factory. Describe the circular flow chart that exists in this economy.

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