Question

Answer the following questions:
i) What does point “A” inside the PPC reflect.
ii) Is it possible for an economy to move to point “X” with the given amount of resources.
iii) As an economy move from point B to point D to point C, comment on the changes in MRT/MOC.
iv) If an economy is able to lie on points B,D and C what can you comment about the status of employment in that economy.
v) What are the two types of goods which are being represented on both the axis.
vi) As the economy is moving from point B to D and then to C, comment on the preferences of the economy pertaining to the production of both the goods.

Answer 1

Answer:

the first thing I am doing is the answer of this question is not a question of whether or