New cars to remain scarce well into next year as semiconductor shortage wears on.       Explain how  thisrelates to economic resources and production possibilities, considering specifically how the shortage of semiconductor chips has shifted the production possibilities curve inward for automobile production . Be sure to use economic terminology in your posting and focus entirely on the economic issues, leaving any political thoughts out of your posting.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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New cars to remain scarce well into next year as semiconductor shortage wears on.

 

 

 

Explain how  thisrelates to economic resources and production possibilities, considering specifically how the shortage of semiconductor chips has shifted the production possibilities curve inward for automobile production . Be sure to use economic terminology in your posting and focus entirely on the economic issues, leaving any political thoughts out of your posting.

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