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Consider Canada's production possibilities boundary. Suppose a scientific breakthrough leads to a ...

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Consider Canada's production possibilities boundary. Suppose a scientific breakthrough leads to a ...

Consider Canada's production possibilities boundary. Suppose a scientific breakthrough leads to a lower-cost method of producing battery-operated cars in Canada. The likely effect would be to move Canada's current production

▸ above the level of U.S. production.

▸ to a point beyond its new production possibilities boundary.

▸ possibilities boundary inward.

▸ to a point inside its new production possibilities boundary.

▸ possibilities boundary outward.

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Microeconomics

Edition: 17^th

Author: Ragan

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