Question
https://www.youtube.com/watch?v=sOZF4QF32uc In the Video World War 2 Industrial production we learn that a refrigerator factory had to be reconditioned and turned into a factory that
https://www.youtube.com/watch?v=sOZF4QF32uc In the Video World War 2 Industrial production we learn that a refrigerator factory had to be reconditioned and turned into a factory that produced propellers and machine guns for war airplanes. This is an example of trade-off: in peace time, people needed refrigerators, but during the war those needs changed, and the use of resources changed accordingly.
For this question, you will represent this situation using a PPF. Assume that the factory can produce war airplanes or refrigerators (or a combination of both). Carefully label your graph, showing max production of each good (feel free to use made-up numbers). Draw a point labeled A depicting production before the war, and a point named B depicting production during the war.
In a brief paragraph (can be handwritten next to your graph) explain why you agree or disagree with the following statement: "Because the refrigerator factory was already up and running, there was very little cost to increasing airplane production, they simply needed to repurpose the existing factory to the production of war airplanes"
After you draw your graph and answer the question, please take a picture (e.g. with your cellphone) and attach it. If possible, your file should have a jpg or png format.
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