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Title: The diagram below shows two production possibilities boundaries for Country X.FIGURE 1-4Refer to ...
Post by: ken80 on Sep 20, 2022

The diagram below shows two production possibilities boundaries for Country X.

Short description: A graph plots consumer goods against capital goods. Long description: The horizontal axis represents consumer goods. The vertical axis represents capital goods. The graph plots two concave down decreasing curves. The first curve, P P B subscript 1 begins at a point on the vertical axis, passes through the points, F, A, and B, and ends at a point on the horizontal axis. The second curve, P P B subscript 2 begins at a point on the vertical axis (above the point where the first curve begins), passes through a point, E, and ends at a point on the horizontal axis (to the right of the first curve). The point, C lies near the horizontal axis and parallel to A. The point, D is to the right of point E.

FIGURE 1-4

Refer to Figure 1-4. If Country X, constrained by the production possibilities boundary PPB1, is producing the combination of goods indicated at point F, it can produce more consumer goods by moving to one of the points



▸ A or B, but not C.

▸ A, B, or C.

▸ A or E.

▸ A, B, C, D, or E.

▸ D or E.

Title: The diagram below shows two production possibilities boundaries for Country X.FIGURE 1-4Refer to ...
Post by: chemcal on Sep 20, 2022
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