Suppose That a Good That Was Formerly an Import Becomes

question 25

Essay

Suppose that a good that was formerly an import becomes an export,perhaps after an import substitution and export promotion strategy.How is this change reflected in the production possibility frontier?

---

Definitions:

Andrew Johnson

The 17th President of the United States, who served from 1865 to 1869, known for his struggle with Radical Republicans over the reconstruction of the South after the Civil War.

Reconstruction Plan

Policies and programs implemented after the U.S. Civil War aimed at rebuilding the South and reintegrating Southern states into the Union.

Pre-Civil War Elite

The social, political, and economic upper class in American society before the outbreak of the Civil War, often associated with slave ownership and large plantations.