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A country can either produce 1,000 bushels of wheat per day or 500 shirts per day. If a country allocates half of its resources to
A country can either produce 1,000 bushels of wheat per day or 500 shirts per day. If a country allocates half of its resources to producing each good, then it would produce Blank______ bushels of wheat and Blank______ shirts. This would represent Blank______ point(s) on the production possibility frontier. Multiple choice question. 2,000; 1,000; a single 500; 250; a single 2,000; 1,000; two 500; 250; two
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