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OPTIONS AVAILABLE FOR THE BLUEFILL IN THE BLANK LINE refer to thestatement starting with The shape ofRussia's production possibilities... in the picture uploaded.Fill in the

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OPTIONS AVAILABLE FOR THE BLUEFILL IN THE BLANK LINE refer to thestatement starting with "The shape ofRussia's production possibilities..." in the picture uploaded.Fill in the blank -decreases -increases-remains constant ALSO(REFER TO THIS AT THE VERY END, part of the question as well) : Based on the previousdescription, the trade off Russia facesbetween producing tablets andsmartphones is best represented by__________. Fill in the blank -Graph 1Or-Graph 2

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1. Specialization and production possibilities Suppose Russia produces only smartphones and tablets. The resources that are used in the production of these two goods are not specialized-that is, the same set of resources is equally useful in producing both tablets and smartphones. The shape of Russia's production possibilities frontier (PPF) should reflect the fact that as Russia produces more tablets and fewer smartphones, the opportunity cost of producing each additional tablet The following graphs show two possible PPFs for Russia's economy: a straight-line PPF (PPF1) and a bowed-out PPF (PPF2). ? Graph 1 Graph 2 PPF , PPF, SMARTPHONES SMARTPHONES TABLETS TABLETS

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