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Exhibit 2-18 Production Possibilities Curves in Exhibit 2-18, the Production

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Exhibit 2-18 Production possibilities curves Exhibit 2-18 Production possibilities curves   In Exhibit 2-18, the production possibilities curves for a country are shown for the years Year X and Year Y. Suppose this country was located at point A in Year X and point B in Year Y. This economy: A) is worse off in Year Y than in Year X. B) has stagnated production in this two year period. C) is more efficient in Year Y than in Year X. D) has shown growth between these two years. E) has higher unemployment in Year Y than in Year X. In Exhibit 2-18, the production possibilities curves for a country are shown for the years Year X and Year Y. Suppose this country was located at point A in Year X and point B in Year Y. This economy:


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