6 Suppose Tuvalu and Nauru are countries that both produce electric heaters and laptops which are sold

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6 Suppose Tuvalu and Nauru are countries that both produce electric heaters and laptops which are sold for the same price. Below are various combinations the countries can produce using the same amount of capital and labour. Tuvalu Nauru Electric Laptops Electric Laptops heaters (million) heaters (million) (million) (million) Production and consumption without 156 247 321 178 trade (A) Consumption available after trade (B) 160 250 332 182 Table 1.1 Table showing production in Tuvalu and Nauru a. Using the information above, draw a PPF (Production Possibilities Frontiers) curve for Nauru showing the production and consumption without trade and the consumption available after international trade (point A and B). (4 marks)

Posted Date: Jun 23, 2024 06:06 AM

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6 Suppose Tuvalu and Nauru are countries that both produce electric heaters and laptops which are sold

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