The data below shows the various production possibilities for an economy that produces two goods, cars, and television sets. Combination Cars Television A 1000 0 B 800 400 C 600 800 D 400 1200 E 200 1600 F 0 2000 6. The output per worker increased resulting in more television sets being produced. Use the diagram in part a to illustrate this. 7. How does your diagram illustrate i) choice ii) scarcity
The data below shows the various production possibilities for an economy that produces two goods, cars, and television sets. Combination Cars Television A 1000 0 B 800 400 C 600 800 D 400 1200 E 200 1600 F 0 2000 6. The output per worker increased resulting in more television sets being produced. Use the diagram in part a to illustrate this. 7. How does your diagram illustrate i) choice ii) scarcity
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 5SQ
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The data below shows the various production possibilities for an economy that produces two goods, cars, and television sets.
Combination
Cars
Television
A
1000
0
B
800
400
C
600
800
D
400
1200
E
200
1600
F
0
2000
6. The output per worker increased resulting in more television sets being produced. Use the diagram in part a to illustrate this.
7. How does your diagram illustrate
i) choice
ii) scarcity
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