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) PPF1
B) PPF2
C) PPF0
D) either PPF0 or PPF1
E) None of the above because economic growth will not happen in India.

B

Economics

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All of the following statements are examples of normative economic analysis except

A) as the demand for emergency room nurses increases, more students are choosing to enroll in nursing school. B) to provide better care, doctors should be required to limit the number of patients they see each day. C) people should be able to choose whether they want to purchase health insurance. D) prescription drugs are too expensive and the government needs to regulate prices in the pharmaceutical industry.

Economics

Negative externalities might be reduced by letting people "work it out themselves," which might also be described as ________

A) substantiation. B) negotiation C) remuneration D) adjudication E) appropriate taxation

Economics