MICROECONOMICS-ACCESS CARD <CUSTOM>
MICROECONOMICS-ACCESS CARD <CUSTOM>
11th Edition
ISBN: 9781266285097
Author: Colander
Publisher: MCG CUSTOM
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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