Suppose Spain produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for alfalfa, an agricultural good, and locomotives, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of an improvement in soil quality because of new fertilization techniques

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Q: (also known as the production possibilities curve) for alfalfa, an agricultural good, and cars, a…

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Q: Suppose Spain produces two types of goods: agricultural and capital. The following diagram shows its…

A: Given: Types of goods produced: Alfafa, Agricultural good Locomotives, capital good

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A: Consider the following graph in which point a is effecient and point b is ineffective.

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Q: to the fig

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