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With similar PPC curves in 2015, two countries are spending their resources on two different types of products. One country is spending more on consumer goods, and the other one is spending more on capital goods. Answer the following questions: (10 Marks)

1. What does PPC stand for?
2. What is the difference between consumer good and capital good?
3. PPC of which county shifts faster? Support your answer with enoughexplanationand relevantdiagrams.