Haiti had an unemployment rate of 21% in 2009 and in 2011 the unemployment rate decreased to 19%. How would this be illustrate on Haiti's production possibilities frontier? Select one: O a. Away from its production possibilities frontier toward a point closer to the origin. O b. A point closer to but not on the production possibilities frontier. O c. From one point to a different point on its production possibilities frontier. O d. To a point where it specializes in producing only one product. O e. To a point that was once unattainable.

Haiti had an unemployment rate of 21% in 2009 and in 2011 the unemployment rate decreased to 19%. How would this be illustrate on Haiti's production possibilities frontier? Select one: O a. Away from its production possibilities frontier toward a point closer to the origin. O b. A point closer to but not on the production possibilities frontier. O c. From one point to a different point on its production possibilities frontier. O d. To a point where it specializes in producing only one product. O e. To a point that was once unattainable.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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