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Author Question: Consider two countries, Japan and Malaysia. Japan devotes a smaller portion of its production to ... (Read 153 times)

Marty

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Consider two countries, Japan and Malaysia. Japan devotes a smaller portion of its production to capital. All other things equal, which of the following statements is most likely 
true?


◦ Japan is a poorer country than Malaysia.
◦ Japan will move up its production possibility curve faster than Malaysia.
◦ Malaysia is producing inside its production possibility frontier, whereas Japan is producing at a point on its production possibility frontier.
◦ Malaysia's production possibility frontier will shift up and out farther and faster than Japan's.


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Marked as best answer by Marty on Apr 19, 2019

perkiness

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Marty

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


LegendaryAnswers

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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