Question : 11) The above figure shows the PPF for a country : 1238350

 

11) The above figure shows the PPF for a country that produces computers and computer factories. The nation’s production possibilities frontier is PPF0 . At which of the following production points would the economy grow most rapidly?

A) Point A

B) Point B

C) Point C

D) It makes no difference among the three points because they are all production efficient.

E) More information is needed to answer the question.

 

12) Suppose Puerto Rico and Hawaii currently have the same production possibilities so that the above figure is the PPF for hotels and consumption goods in the two areas. Hotels are a capital good that,once built, will help produce still more consumption goods. If Puerto Rico produces more hotels than Hawaii,

A) Hawaii’s PPF will shift outward further than Puerto Rico’s PPF.

B) Hawaii’s PPF will shift inward.

C) Puerto Rico’s PPF will not shift.

D) Puerto Rico’s and Hawaii’s PPF will shift outward by the same amount.

E) Puerto Rico’s PPF will shift outward further than Hawaii’s PPF.

13) Suppose Puerto Rico and Hawaii currently have the same production possibilities so that the above figure is the PPF for hotels and consumption goods in the two areas. Hotels are a capital good that,once built, will help produce still more consumption goods.. According to the figure, which island will have more rapid economic growth?

A) Hawaii

B) Both Hawaii and Puerto Rico will grow at the same speed.

C) Puerto Rico

D) Neither Hawaii nor Puerto Rico will grow.

E) More than one of the above answers is correct.

 

14) Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, which is India’s most likely future PPF?

A) PPF2

B) PPF1

C) PPF0

D) either PPF0 or PPF1

E) None of the above because economic growth will not happen in India.

15) Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, which is France’s most likely future PPF?

A) PPF2

B) PPF1

C) PPF0

D) either PPF0 or PPF1

E) None of the above because economic growth will not happen in India.

16) Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, India’s most likely future PPF is ________, and France’s most likely future PPF is ________.

A) PPF1; PPF1

B) PPF2; PPF2

C) PPF0; PPF0

D) PPF2; PPF1

E) PPF1; PPF2

 

17) Suppose that Germany, France, Estonia, and India all have the same production possibilities, illustrated in the figure above. Based on the production points in the figure, which country is most likely to expand its PPF to PPF3?

A) India

B) Germany

C) Estonia

D) France and Germany equally

E) France

18) Suppose that Germany, France, Estonia, and India all have the same production possibilities, illustrated in the figure above. Based on the production points in the figure, which country is most likely to expand its PPF to PPF1?

A) France and Germany equally

B) India

C) Estonia

D) France

E) Germany

19) Suppose that Germany, France, Estonia, and India all have the same production possibilities, illustrated in the figure above. Based on the production points in the figure, India is most likely to expand its PPF to

A) PPF3 or PPF2.

B) PPF3.

C) PPF1.

D) PPF1. or PPF2.

E) PPF2.

20) Suppose that Germany, France, Estonia, and India all have the same production possibilities, illustrated in the figure above. Based on the production points in the figure, Germany is most likely to expand its PPF to

A) PPF3 or PPF2.

B) PPF3.

C) PPF1.

D) PPF1. or PPF2.

E) PPF2.

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more