Assume that the diagram below represents the production possibility of a hypothetical economy: https://www.google.com/search?
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Assume that the diagram below represents the production possibility of a hypothetical economy:
https://www.google.com/search?q=production+possibility+curve&tbm=isch&tbs=simg:CAQSlwEJ5Ec8wO7zhW0aiwELEKjU2AQaBAgUCAoMCxCwjKcIGmIKYAgDEijbE9wTpQjeE4ITgRPYE8ET2ROoCKQ-0j-VPqY-pT6qKKI-0T-nPqM-GjCS297JMB3er-Dlo0L5g3n8zlttG9dMkloZKgojsx9NJGIuzjsApyd41Enib95bWEEgBAwLEI6u_1ggaCgoICAESBKYZPd8M&sa=X&ved=0ahUKEwiV4u3t6szdAhWOq1kKHffPDFAQwg4IKigA&biw=1366&bih=694#imgrc=zefT2EESr_rx1M:
What is the opportunity cost of 1 boat if the economy moves from C to B?
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What is the opportunity cost of 1 truck when the economy moves from A to C?
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What point depicts unemployment in the economy?
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What point is not attainable?
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If this country was a major oil producer but the oil reserves are depleted what will happen to the production possibility frontier?
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