Microeconomics
Microeconomics
10th Edition
ISBN: 9781259655500
Author: David C Colander
Publisher: McGraw-Hill Education
Question
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Chapter 2, Problem 6QE

(a)

To determine

Graphical representation of production possibility curve.

(b)

To determine

Trade-off between two goods.

(c)

To determine

Impact on the production possibility curve when the production of food increases.

(d)

To determine

Impact on the production possibility curve when the production of both the goods increases.

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If there is trade, which of the following is most likely?    A. A country’s consumption possibilities frontier can be outside its production possibilities frontier.  B. A country will produce a greater variety of goods and services to trade.  C. A country is worse off because it becomes dependent on other countries.  D. A country will experience a lower unemployment rate.
Multiple Choice Jake Jane Both Jake and Jane. Neither Jake nor Jane.
Please sir answer a to d I will rate sir please A to d
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