33. a. Draw a graph to illustrate production, consumption, and trade in the South before the Civil...
Question:
33.
a. Draw a graph to illustrate production, consumption, and trade in the South before the Civil War.
b. Was the South consuming inside, on, or outside its PPF ? Explain your answer.
c. Draw a graph to show the effects of the Civil War on consumption and production in the South.
d. Did the Civil War change any opportunity costs in the South? If so, did the opportunity cost of everything increase? Did the opportunity cost of any items decrease? Illustrate your answer with appropriate graphs. Use the following information to work Problems 34 and 35. He Shoots! He Scores! He Makes Movies! NBA All-star Baron Davis and his school friend, Cash Warren, premiered their first movie Made in America at the Sundance Festival in January 2008. The movie, based on gang activity in South Central Los Angeles, received good reviews. Source: The New York Times, February 24, 2008
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