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Explain how (if at all) each of the following events affects the location of a country's production possibilities curve: The quality of education increases. The number of unemployed workers increases. A new technique improves the efficiency of oxtracting con or from oro

Explain how (if at all) each of the following events affects the location of a country's production possibilities curve: The quality of education increases. The number of unemployed workers increases. A new technique improves the efficiency of oxtracting con or from oro

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Explain how (if at all) each of the following events affects the location of a country's production possibilities curve: The quality of education increases. The number of unemployed workers increases. A new technique improves the efficiency of extracting copper from ore. A devastating earthquake destroys numerous production facilities.
Transcribed Image Text:Explain how (if at all) each of the following events affects the location of a country's production possibilities curve: The quality of education increases. The number of unemployed workers increases. A new technique improves the efficiency of extracting copper from ore. A devastating earthquake destroys numerous production facilities.
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