6. Figure 1.2 represents an economy producing brooms and mops. Which of the following would represent lockdown restrictions assuming that mops and brooms are non essential products? Figure 1.2 10 PPI PP2 Output of Brooms a. A movement from C to A b. A movement from D to C c. A movement from F to C d. A movement from E to D Output of Mops

6. Figure 1.2 represents an economy producing brooms and mops. Which of the following would represent lockdown restrictions assuming that mops and brooms are non essential products? Figure 1.2 10 PPI PP2 Output of Brooms a. A movement from C to A b. A movement from D to C c. A movement from F to C d. A movement from E to D Output of Mops

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

6. Figure 1.2 represents an economy producing brooms and mops. Which of the following would
represent lockdown restrictions assuming that mops and brooms are non essential products?
Figure 1.2
PPI
PP2
Output of Brooms
a. A movement from C to A
b. A movement from D to C
c. A movement from F to C
d. A movement from E to D
Output of Mops

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Question 5
(4 marks)
Figure 1.1 is a hypothetical economy producing SUV's and Cars. Which of the following do not illustrate economic
growth?
Output of Cars
C
Figure 1.1
R
F
Output of SUVs
a. A movement from point B to A
b. A movement from point E to F
c. A movement from D to E
d. A movement from PP1 to PP2
4
(4 marks)

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