Asked by
Jamie McLamb
on Oct 13, 2024Verified
Japan could shift its production possibilities curve outward (to the right) if
A) it could buy some islands in the Pacific Ocean,thus increasing its available amount of land.
B) it could devote more of its output to military goods.
C) it could devote more of its output to producing consumer goods.
D) all of the choices are true.
Production Possibilities Curve
A graphical representation that shows the maximum combination of two goods that can be produced with available resources and technology.
Consumer Goods
Products that are purchased for consumption by the average consumer, including items such as food, clothing, and household products.
Military Goods
Products and services specifically designed, manufactured, and supplied to armed forces, including weapons, equipment, and military technology.
- Acknowledge the factors influencing shifts or mobility on the production possibilities frontier.
Verified Answer
VC
Learning Objectives
- Acknowledge the factors influencing shifts or mobility on the production possibilities frontier.