6. Explain how (if at all) each of the following events affects the location of a countrys...

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6. Explain how (if at all) each of the following events affects the location of a country’s production possibilities curve: [LO1.7]

a. The quality of education increases.

b. The number of unemployed workers increases.

c. A new technique improves the efficiency of extracting copper from ore.

d. A devastating earthquake destroys numerous production facilities.

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Microeconomics

ISBN: 9781108420969

15th Canadian Edition

Authors: Campbell R. Mcconnell, Stanley L. Brue, Sean M. Flynn, Thomas P. Barbiero

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