On the distant planet of Blompf, there are two types of citizens: Strongs are good at manufacturing and building, but weak at math and analysis, Brains are good at math and analysis, but bad at manufacturing and building. This economy produces cars (the production of which involves a lot of math) and buildings (which requires building skills but not many tech skills). On a PPF, buildings are on the horizontal axis and cars are on the vertical axis. We'd expect this economy's PPF to be [Select] buildings are produced, we'd expect the opportunity cost of building production to As more and more.
On the distant planet of Blompf, there are two types of citizens: Strongs are good at manufacturing and building, but weak at math and analysis, Brains are good at math and analysis, but bad at manufacturing and building. This economy produces cars (the production of which involves a lot of math) and buildings (which requires building skills but not many tech skills). On a PPF, buildings are on the horizontal axis and cars are on the vertical axis. We'd expect this economy's PPF to be [Select] buildings are produced, we'd expect the opportunity cost of building production to As more and more.
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.5P
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