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There are two countries, macroland and econland, that face the same production possibilities frontier - same amount of resources, same level of technology. Macroland chooses
There are two countries, macroland and econland, that face the same production possibilities frontier - same amount of resources, same level of technology. Macroland chooses to produce production bundle A in 2024. Econland chooses to produce production bundle B in 2024. Given these decisions, what do you anticipate their PPF's will look like in comparison to each other in 2025 (or sometime in the future)? Will they still face the same set of possibilities or will the choice they made today cause the production possibilities to be different in the future? Thoroughly explain your answer. making sure to define your terms and/or provide examples in order to illustrate you understand the concepts and aren't just parroting vocabulary words back to me
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