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Please explain the answers: Refer to Figure 2-2. When the economy moves from Point A to Point B in the diagram above: Production possibiliies curve
Please explain the answers:
Refer to Figure 2-2. When the economy moves from Point A to Point B in the diagram above: Production possibiliies curve Clothing = Figure 2-2 the economy increases production of both clothing and food. All of the above occur, v the economy operates at its productive capacity once it reaches Paint B. the economy begins using its resources efficiently to produce both food and clothing. a N T w Refer to Figure 2-2. At Point A in the production possibilities graph shown above, the economy: Production possibilities curve 7 ':ll:lrhing = Figure 2-2 is using its resources efficiently while producing food but no clothing. is using its resources efficiently to produce both food and clothing. 15 not using its resources efficiently. v I5 using its resources efficiently while producng dothing but no food. o n ooStep by Step Solution
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