Germany Production Possibilities (Production Alternatives) Product A B C D E F Autos 0 4 8 12 16 20 Chemicals 40 32 24 16 8 0 U.S. Production Possibilities (Production Alternatives) Product A B C D E F Autos 0 3 6 9 12 15 Chemicals 60 48 36 24 12 0 The data in the accompanying production possibilities tables (in millions of units) suggest that production in Multiple Choice Germany is subject to increasing opportunity costs and in the United States to constant opportunity costs. the United States is subject to increasing opportunity costs and in Germany to constant opportunity costs. both Germany and the United States is subject to constant opportunity costs. both Germany and the United States is subject to increasing opportunity costs.
Germany Production Possibilities (Production Alternatives) Product A B C D E F Autos 0 4 8 12 16 20 Chemicals 40 32 24 16 8 0 U.S. Production Possibilities (Production Alternatives) Product A B C D E F Autos 0 3 6 9 12 15 Chemicals 60 48 36 24 12 0 The data in the accompanying production possibilities tables (in millions of units) suggest that production in Multiple Choice Germany is subject to increasing opportunity costs and in the United States to constant opportunity costs. the United States is subject to increasing opportunity costs and in Germany to constant opportunity costs. both Germany and the United States is subject to constant opportunity costs. both Germany and the United States is subject to increasing opportunity costs.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 8SQ
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Germany Production Possibilities | ||||||
(Production Alternatives) | ||||||
Product | A | B | C | D | E | F |
Autos | 0 | 4 | 8 | 12 | 16 | 20 |
Chemicals | 40 | 32 | 24 | 16 | 8 | 0 |
U.S. Production Possibilities | ||||||
(Production Alternatives) | ||||||
Product | A | B | C | D | E | F |
Autos | 0 | 3 | 6 | 9 | 12 | 15 |
Chemicals | 60 | 48 | 36 | 24 | 12 | 0 |
The data in the accompanying production possibilities tables (in millions of units) suggest that production in
Multiple Choice
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opportunity costs and in the United States to constant opportunity costs. -
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