15. Shifts in production possibilities

Suppose the fictional country of Biscayne produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for rye, an agricultural good, and electric generators, a capital good.

Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live longer and have extended careers.

Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.

D2L 1-1 Quiz - ECO-201-T4948 Micro x MindTap - Cengage Learning X Module One Quiz Part 15.docx * + O X -) G 20 ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5981412500252696704436546231&elSBN=9780357133576&id=2045416055&snapshotld=... * CENGAGE |MINDTAP Q Search this course ? Module One Quiz X (? ) 480 O A-Z 400 PPP 320 EI ELECTRIC SCOOTERS (Thousands) 240 160 pongo 80 PPF 90 180 270 360 450 540 RICE (Millions of bushels) ? A+ M D C A 3 Mar 5 12:34 8