Title: The nation's production possibilities frontier is bowed outward. Suppose that th Post by: Lauren1 on Nov 11, 2014 The nation's production possibilities frontier is bowed outward. Suppose that the government decides to increase the production of armaments by $20 billion, and that as a result the output of consumer goods falls by $20 billion. If a further $20 billion increase beyond the initial $20 billion increase in armaments output is sought, we can expect that the output of consumer goods and services will fall further by
A) less than $20 billion. B) $20 billion. C) more than $20 billion. D) There is not enough information to determine the answer. Title: Re: The nation's production possibilities frontier is bowed outward. Suppose that th Post by: MrDereche on Nov 16, 2014 Content hidden
Title: Re: The nation's production possibilities frontier is bowed outward. Suppose that th Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: The nation's production possibilities frontier is bowed outward. Suppose that th Post by: MrDereche on Nov 17, 2014 You're welcome!
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