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chomtong chomtong
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7 years ago
Consider two countries, Japan and Malaysia. Japan devotes a smaller portion of its production to capital. All other things equal, which of the following statements is most likely true?
A) Malaysia is producing inside its production possibility frontier, whereas Japan is producing at a point on its production possibility frontier.
B) Japan is a poorer country than Malaysia.
C) Japan will move up its production possibility curve faster than Malaysia.
D) Malaysia's production possibility frontier will shift up and out farther and faster than Japan's.
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goldlilysgoldlilys
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7 years ago
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chomtong Author
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Good timing, thanks!
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