Macy's, Kmart, JCPenney: More Retailers Closing Brick-and-Mortar Stores As more people choose online retailing over brick-and-mortar stores, Macy's, Kmart, JCPenney, and others are closing stores. Source: Springfield News-Sun, March 24, 2017 1. Draw a curve to show the PPF for retailing before the Internet is available. Label it. 2. Draw a curve to show the PPF for retailing after the Internet is available and stores began closing. Label it. *** 20- 18- 16- 14- 12- 10- 8- 6- 4- 2- 0- Online retailing (millions of units) 1 9 10 Brick and mortar retailing (millions of units) >>> Draw only the objects specified in the question.

Macy's, Kmart, JCPenney: More Retailers Closing Brick-and-Mortar Stores As more people choose online retailing over brick-and-mortar stores, Macy's, Kmart, JCPenney, and others are closing stores. Source: Springfield News-Sun, March 24, 2017 1. Draw a curve to show the PPF for retailing before the Internet is available. Label it. 2. Draw a curve to show the PPF for retailing after the Internet is available and stores began closing. Label it. *** 20- 18- 16- 14- 12- 10- 8- 6- 4- 2- 0- Online retailing (millions of units) 1 9 10 Brick and mortar retailing (millions of units) >>> Draw only the objects specified in the question.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter2: Economic Tools And Economic Systems

Section: Chapter Questions

Problem 3.6P

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Question

G, 2

Economics

Macy's, Kmart, JCPenney: More Retailers Closing Brick-and-Mortar
Stores
As more people choose online retailing over brick-and-mortar stores,
Macy's, Kmart, JCPenney, and others are closing stores.
Source: Springfield News-Sun, March 24, 2017
1. Draw a curve to show the PPF for retailing before the Internet is
available. Label it.
2. Draw a curve to show the PPF for retailing after the Internet is available
and stores began closing. Label it.
20-
18-
16-
14-
12-
10-
8-
6-
44
2-
0-
0
Online retailing (millions of units)
8 9
Brick and mortar retailing (millions of units)
>>> Draw only the objects specified in the question.
10
Q
OON
5

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