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plz help with this homework, plz don't copy answers that were answered before. Thank you 1....

plz help with this homework, plz don't copy answers that were answered before. Thank you

1. The text identifies three key ideas that are foundational to the study of economics. Identify and explain each.

2. Explain the differences between positive and normative analysis. Give an example of each that would be relevant in economics.

3. Explain the difference between productive and allocative efficiency. How do you think a centrally planned economy versus a market economy would perform under each measure of efficiency?

4. Draw a PPF curve using MSWord line tools or MS Excel charts. Pick two products you want to produce and select an appropriate point of production consistent with PPF analysis. Make sure to explain your chosen point.

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