-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 ________.
Definitions:
Relevant Exchange Rates
The currency rates used to convert transactions involving foreign currencies into the reporting currency for financial reporting purposes.
Fair Value
The price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Cash Consideration
The total amount of cash that is paid or received during a transaction, such as buying an asset or settling a liability.
Net Realisable Value
The estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.
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