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Author Question: The diagram below shows two production possibilities boundaries for Country X.FIGURE 1-4Refer to ... (Read 49 times)

Sadjam2

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on: Oct 12, 2022

Question 1

Theatre performances, haircuts, internet access, and education are examples of
◦ land.
◦ goods.
◦ services.
◦ capital.
◦ labour.

Question 2

The diagram below shows two production possibilities boundaries for Country X.



FIGURE 1-4

Refer to Figure 1-4. If Country X is currently producing at point A, it could move to point B if


◦ the cost of producing capital goods were to increase.
◦ some resources were switched from the consumer goods industries to the capital goods industries.
◦ some resources were switched from the capital goods industries to the consumer goods industries.
◦ the cost of producing consumer goods were to increase.
◦ Country X is no longer able to produce the quantity of capital goods at point A.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Sadjam2 on Oct 12, 2022

sakura282000

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Sadjam2

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

Laurenleakan

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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