Production possibilities curve the economic model reveals the variety of options for what to do with your scarce time
This is further explained below.
What is the economic model?
Generally, Economists use economic models to make predictions about economic behavior, which can then be verified against actual data. Because there are no objective metrics of economic results, an economic model must be subjective in construction.
In conclusion, The economic model's production possibilities curve demonstrates how many ways you can spend your limited time.
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