Question
In an economy described by the Specific Factors Model, the production possibility frontier will be a. convex to the origin. b. parabolic with one root.
In an economy described by the Specific Factors Model, the production possibility frontier will be
a. convex to the origin.
b. parabolic with one root.
c. linear.
d. collapsed to a point.
e. concave to the origin.
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
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