Finder File Edit View Go Window Help Q Sun Mar 10 1:01 PM

Finder co O Januar File Edit View Go Window Help Sun Mar 10 1:01 PM V Home ng.cengage.com -201-T4890 Microeconomics 24... 1-1 Quiz - ECO IPIL CENGAGE I MINDTAP Module One Quiz 16. Trade-Offs MindTap - Cengage Learning Course Hero Q Search this course Richie HOME PROFILE ORDERS RENTALS COURSES Study tools College Success Tips Career Success Tips Help SIGN OUT The first principle of economics discussed in Chapter 1 is that people face trade-offs. The following production possibilities frontier illustrates society's trade-offs between spending money on two "goods": industrial output and agricultural output. Show what happens to the production possibilities frontier (PPF) if the society develops a new fertilizer that significantly increases agricultural production. PPF PPF tv o eo