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in the space below, draw a diagram of the Production Possibility Frontier (PPF), where the X axis represents Consumer goods and the Y axis represents
in the space below, draw a diagram of the Production Possibility Frontier (PPF), where the X axis represents Consumer goods and the Y axis represents Capital goods. On the PPF diagram, if the economy were allocating all its time to produce Capital goods, label the point C. If its not using its resource efficiently, label it U. Consumer goods production only, label it B, Producing a combination of Consumer and Capital goods, label any two points H and K, and Unattainable goods, label it D.
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