Production Possibilities Frontier (Ch. 2) Computers D B PPF₁ PPF₂ Bread (1) Economic growth in this economy is illustrated by: a. a movement from point A to point B b. a movement from point A to point C c. a shift along PPF, from point B to point C d. an outward shift from PPF, to PPF₂ C
Production Possibilities Frontier (Ch. 2) Computers D B PPF₁ PPF₂ Bread (1) Economic growth in this economy is illustrated by: a. a movement from point A to point B b. a movement from point A to point C c. a shift along PPF, from point B to point C d. an outward shift from PPF, to PPF₂ C
Chapter1: Making Economics Decisions
Section: Chapter Questions
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please answer both parts within 30 minutes.
![Production Possibilities Frontier (Ch. 2)
Computers
D
B
.4
PPF₁
PPF₂
Bread
(1) Economic growth in this economy is illustrated by:
a. a movement from point A to point B
b.
a movement from point A to point C
c. a shift along PPF, from point B to point C
d. an outward shift from PPF, to PPF₂2
(2) If this economy is currently operating on PPF₁, then inefficiency is illustrated by.
efficiency is illustrated by
a. point A; point B
b. point A; point C
c. point A; point D
point B; point D
d.
and](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd162c1e0-4fa0-4043-a5a9-005ca139010d%2Fd178bf6a-5c53-4d02-9060-0c26f78c79ae%2F9m2ijef_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Production Possibilities Frontier (Ch. 2)
Computers
D
B
.4
PPF₁
PPF₂
Bread
(1) Economic growth in this economy is illustrated by:
a. a movement from point A to point B
b.
a movement from point A to point C
c. a shift along PPF, from point B to point C
d. an outward shift from PPF, to PPF₂2
(2) If this economy is currently operating on PPF₁, then inefficiency is illustrated by.
efficiency is illustrated by
a. point A; point B
b. point A; point C
c. point A; point D
point B; point D
d.
and
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