Carrot Apple 0 10 1 9 2 7 3 4 4 0 Using the table above, draw the PPF for Happyland. 1.Using the PPF drawn above identify the point of inefficiency and label it A. Why is this considered to be inefficient. 2. Identify on the graph above the point of unattainability and label it B. Why is this considered to be unattainable.
Carrot Apple 0 10 1 9 2 7 3 4 4 0 Using the table above, draw the PPF for Happyland. 1.Using the PPF drawn above identify the point of inefficiency and label it A. Why is this considered to be inefficient. 2. Identify on the graph above the point of unattainability and label it B. Why is this considered to be unattainable.
Chapter18: International Trade And Finance
Section: Chapter Questions
Problem 2SQP
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Question
Carrot |
Apple |
0 |
10 |
1 |
9 |
2 |
7 |
3 |
4 |
4 |
0 |
Using the table above, draw the
1.Using the PPF drawn above identify the point of inefficiency and label it A. Why is this considered to be inefficient.
2. Identify on the graph above the point of unattainability and label it B. Why is this considered to be unattainable.
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