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Hand draw a production possibilities curve for the United States. Assuming the products are produced in America using domestic resources, label the horizontal axis the
Hand draw a production possibilities curve for the United States. Assuming the products are produced in America using domestic resources, label the horizontal axis the "production of military equipment." Label the vertical axis the "production of new single- family houses." On your graph draw/label a dot/point that illustrates the combination of military equipment and new homes that shows an efficient allocation of resources for a given year.
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