Does the Law of Increasing Opportunity Costs hold for France? Explain why or why not.   B) If Germany wanted to experience higher levels of economic growth over the next few years, would they be better off choosing option B (a combination of 15000 capital goods and 90000 consumer goods) or option D (a combination of 45000 capital goods and 30000 consumer goods)?  Explain.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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A) Does the Law of Increasing Opportunity Costs hold for France? Explain why or why not.

 

B) If Germany wanted to experience higher levels of economic growth over the next few years, would they be better off choosing option B (a combination of 15000 capital goods and 90000 consumer goods) or option D (a combination of 45000 capital goods and 30000 consumer goods)?  Explain.

Germany
Option Consumer Goods Capital Goods
0
ABCDE
400,000
300,000
200,000
100,000
0
25,000
50,000
75,000
100,000
France
Consumer Goods Capital Goods
0
1,200,000
900,000
600,000
300,000
0
150,000
300,000
450,000
600,000
Transcribed Image Text:Germany Option Consumer Goods Capital Goods 0 ABCDE 400,000 300,000 200,000 100,000 0 25,000 50,000 75,000 100,000 France Consumer Goods Capital Goods 0 1,200,000 900,000 600,000 300,000 0 150,000 300,000 450,000 600,000
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