Draw a Picture of a Production Possibilities Curve

question 171

Essay

Draw a picture of a production possibilities curve. Identify each axis as measuring either guns or butter. Select and label Point A, which is beyond the economy's ability to produce; Point B, which represents an inefficient level of production; Point C, an efficient combination of output in which more guns are produced than units of butter; and Point D, an efficient production point in which more units of butter are produced than guns. Be sure to label each clearly.​

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Definitions:

Positive

Characterized by or denoting an occurrence or condition that is affirmatively present or beneficial, often used in the context of positive effects or outcomes.

Lady of Auxerre

A small, ancient Greek sculpture representing a goddess or maiden, notable for its archaic style and originating from Crete.

Kore

Greek, “young woman.” An Archaic Greek statue of a young woman.

Inscription

Text that is written, engraved, or carved on a surface, like a monument or within a book, to convey information or dedication.