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Author Question: shows the production possibilities boundary for an economy that produces two goods-cotton ... (Read 354 times)

xman15.

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on: Oct 12, 2022

Question 1

Due to the global pandemic caused by the COVID-19 virus, governments in many countries massively increased their spending. In 2020 alone, government debt in the G-20 countries increased by approximately
◦ 15 percentage points.
◦ 5 percentage points.
◦ 20 percentage points.
◦ 25 percentage points.
◦ 10 percentage points.

Question 2

Figure 1-7 shows the production possibilities boundary for an economy that produces two goods-cotton and bananas.



FIGURE 1-7

Refer to Figure 1-7. A production possibilities boundary is shown for an economy that produces two goods-cotton and bananas, both measured in tonnes produced per year. Suppose the economy is currently producing at point D. What is the opportunity cost of increasing the production of bananas by 100 tonnes?


◦ 60 tonnes of cotton
◦ 100 tonnes of cotton
◦ 420 tonnes of cotton
◦ There is no opportunity cost.
◦ 920 tonnes of cotton
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by xman15. on Oct 12, 2022

senorfranco

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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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xman15.

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

nyrave

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

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