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Suppose South Africa produces only two goods: barley and laptops. The following graph shows South Africa's current production possibilities frontier (also known as the production possibilities curve), along with six output combinations represented by black points (cross symbols) labeled A to F. LAPTOPS (Millions) 100 8 80 60 20 0 0 PPF <+ 20 + B F xc 40 xo E + 60 BARLEY (Millions of bushels) 80 100 (?

Suppose South Africa produces only two goods: barley and laptops. The following graph shows South Africa's current production possibilities frontier (also known as the production possibilities curve), along with six output combinations represented by black points (cross symbols) labeled A to F. LAPTOPS (Millions) 100 8 80 60 20 0 0 PPF <+ 20 + B F xc 40 xo E + 60 BARLEY (Millions of bushels) 80 100 (?

MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 8SQ
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Suppose South Africa produces only two goods: barley and laptops. The following graph shows South Africa's current production possibilities frontier (also known as the production possibilities curve), along with six output combinations represented by black points (cross symbols) labeled A to F. LAPTOPS (Millions) 100 80 60 40 20 0 PPF + > 20 ++♡ B F + 40 ҳс xo E 60 BARLEY (Millions of bushels) 80 1 100 (?)
Transcribed Image Text:Suppose South Africa produces only two goods: barley and laptops. The following graph shows South Africa's current production possibilities frontier (also known as the production possibilities curve), along with six output combinations represented by black points (cross symbols) labeled A to F. LAPTOPS (Millions) 100 80 60 40 20 0 PPF + > 20 ++♡ B F + 40 ҳс xo E 60 BARLEY (Millions of bushels) 80 1 100 (?)
Complete the following table by indicating whether each point represents output combinations that are productive inefficient, productive efficient, attainable, or unattainable. Check all that apply. Point Productive Inefficient Productive Efficient Attainable Unattainable A B C D E F 00 00 00000 000000 00
Transcribed Image Text:Complete the following table by indicating whether each point represents output combinations that are productive inefficient, productive efficient, attainable, or unattainable. Check all that apply. Point Productive Inefficient Productive Efficient Attainable Unattainable A B C D E F 00 00 00000 000000 00
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