and 2000 tons of fish. Given No other information, which of the following events could explain this change? Home experienced increased unemployment. Home experienced an improvement in fish-catching technology. Home experienced a decline in coconut-producing technology. Home experienced a reduction in resources

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 32P: In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million....
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Home is a country that produces two goods, coconuts and fish. Last year, Home produced 450 tons of coconuts and 1050 tons of fish. This year it produced 450 tons of coconuts
and 2000 tons of fish. Given No other information, which of the following events could explain this change?
Home experienced increased unemployment.
Home experienced an improvement in fish-catching technology.
Home experienced a decline in coconut-producing technology.
Home experienced a reduction in resources.
000 0
Transcribed Image Text:Home is a country that produces two goods, coconuts and fish. Last year, Home produced 450 tons of coconuts and 1050 tons of fish. This year it produced 450 tons of coconuts and 2000 tons of fish. Given No other information, which of the following events could explain this change? Home experienced increased unemployment. Home experienced an improvement in fish-catching technology. Home experienced a decline in coconut-producing technology. Home experienced a reduction in resources. 000 0
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