Table 3-3 Assume That Zimbabwe and Portugal Can Switch Between Producing Toothbrushes

question 422

Short Answer

Table 3-3
Assume that Zimbabwe and Portugal can switch between producing toothbrushes and producing hairbrushes at a constant rate.
-Refer to Table 3-3. Which of the following represents Zimbabwe's and Portugal's production possibilities frontiers when each country has 60 minutes of machine time available?
a.

b.


c.


d.

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Definitions:

Energy Information Administration

A U.S. Government agency responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.

Natural Gas

A fossil fuel formed from the remains of ancient marine organisms, used primarily for heating, cooking, and generating electricity.

Real GDP

Real GDP, which accounts for inflation, quantifies the total value of goods and services a nation's economy generates in actual terms.

BTU Of Energy Consumption

A measure of energy consumption, the British Thermal Unit (BTU) quantifies the amount of heat required to raise the temperature of one pound of water by one degree Fahrenheit.