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Please answer both parts Suppose Spain produces only cars and trucks. The resources that are used in the production of these two goods are not

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Please answer both parts

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Suppose Spain produces only cars and trucks. 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 trucks and cars. The shape of Spain's production possibilities frontier (PPF) should reflect the fact that as Spain produces more trucks and fewer cars, the opportunity cost of producing each additional truck The following graphs show two possible decreases nomy: a straight-line PPF (PPF; ) and a bowed-out PPF (PPF2). increases remains constant (? Graph 1 Graph 2 PPF 2 PPF CARS CARS TRUCKS TRUCKSSuppose Spain produces only cars and trucks. 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 trucks and cars. The shape of Spain's production possibilities frontier (PPF) should reflect the fact that as Spain produces more trucks and fewer cars, the opportunity cost of producing each additional truck increases The following graphs show two possible PPFs for Spain's economy: a straight-line PPF (PPF, ) and a bowed-out PPF (PPF2 ). (?) (?) Graph 1 Graph 2 PPE PPF2 CARS CARS TRUCKS TRUCKS Based on the previous description, the trade-off Spain faces between producing trucks and cars is best represented by Graph 2

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