4. Shifts in production possibilities Suppose the fictional country of Cuyahoga produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for millet, an agricultural good, and electric scooters, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live longer and have extended careers. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. ? ELECTRIC SCOOTERS (Thousands) 600 500 400 200 100 0 0 60 PPF 120 180 240 MILLET (Millions of bushels) 300 360 PPF
4. Shifts in production possibilities Suppose the fictional country of Cuyahoga produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for millet, an agricultural good, and electric scooters, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live longer and have extended careers. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. ? ELECTRIC SCOOTERS (Thousands) 600 500 400 200 100 0 0 60 PPF 120 180 240 MILLET (Millions of bushels) 300 360 PPF
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.6P
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Transcribed Image Text:4. Shifts in production possibilities
Suppose the fictional country of Cuyahoga produces two types of goods: agricultural and capital. The following diagram shows its current production
possibilities frontier for millet, an agricultural good, and electric scooters, a capital good.
Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live
longer and have extended careers.
Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will
snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.
ELECTRIC SCOOTERS (Thousands)
600
500
400
300
200
100
0
0
60
PPF
120
180
240
MILLET (Millions of bushels)
300
360
PPF
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