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; PPF2 B) PPF2; PPF2 C) PPF1; PPF1 D) PPF2; PPF1 E) PPF0; PPF0
D
Economics
You might also like to view...
The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Economics
To understand how the price of a good is determined in a free market, one must account for the desires of:
A. sellers. B. buyers. C. governmental agencies. D. buyers and sellers.
Economics