The table below shows the production possibilities in Mistania between 2014 and 2015. Using the information in this table, answer the questions below. Mistania, 2014 Cell phones 0 40 80 120 160 Growing economy OShrinking economy ONeither Mistania, 2014 Washing machines What does the shift from 2014 to 2015 represent? 400 300 200 100 0 Mistania, 2015 Cell phones 0 60 120 180 240 Mistania, 2015 Washing machines What could be a reason for the shift? OTechnological advances in the production of cell phones and washing machines OIncreases in the price of cell phones and washing machines OGreater demand for cell phones and washing machines OLoss of resources for the production of cell phones and washing machines 600 450 300 150 0

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The table below shows the production possibilities in Mistania between 2014 and 2015. Using the information in this table,
answer the questions below.
Mistania, 2014
Cell phones
0
40
80
120
160
Growing economy
OShrinking economy
ONeither
What does the shift from 2014 to 2015 represent?
Mistania, 2014
Washing machines
What could be a reason for the shift?
400
300
200
100
0
Mistania, 2015
Cell phones
0
60
120
180
240
Mistania, 2015
Washing machines
OTechnological advances in the production of cell phones and washing machines
OIncreases in the price of cell phones and washing machines
OGreater demand for cell phones and washing machines
OLoss of resources for the production of cell phones and washing machines
600
450
300
150
0
Transcribed Image Text:The table below shows the production possibilities in Mistania between 2014 and 2015. Using the information in this table, answer the questions below. Mistania, 2014 Cell phones 0 40 80 120 160 Growing economy OShrinking economy ONeither What does the shift from 2014 to 2015 represent? Mistania, 2014 Washing machines What could be a reason for the shift? 400 300 200 100 0 Mistania, 2015 Cell phones 0 60 120 180 240 Mistania, 2015 Washing machines OTechnological advances in the production of cell phones and washing machines OIncreases in the price of cell phones and washing machines OGreater demand for cell phones and washing machines OLoss of resources for the production of cell phones and washing machines 600 450 300 150 0
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Production Possibility Curve

“Production Possibility Curve is a curve which shows various combination of two goods that can be produced with the use of given resources and technology.” 

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