Hi can i get some help on c please? thanks! c. Sketch the ppf's for both countries.

Definitions: Production Possibility Curve (PPF) The production possibility frontier (PPF) shows the…

Answered: c. Sketch the ppf's for both countries.

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c. Sketch the ppf's for both countries.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter2: Production Possibilities Frontier Framework

Section: Chapter Questions

Problem 3QP

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The economy is operating under the PPF of a particular country. What does that mean?
The solid line represent current PPF while the dashed line represents a country's desired PPF. Choose which of the four points (W,X, Y or Z) will result in getting to the dashed line (desired PPF) in the future. Explain
The solid line represent current PPF while the dashed line represents a country's desired PPF. Choose which of the four points will result in getting to the dashed line (desired PPF) in the future. Explain
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Q3. Under What circumstances the PPF would shift outward?
help! scenario questions about PPF.
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Explain, using the PPF-indifference curve diagram, how a change in tastes can cause a country to shift from being an exporter of a good to being an importer of that same good.
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if a country's production possibilities boundary is drawn as a straight (downward -sloping) line then it indicates ?