Answer Happy

Posted: **Fri Jul 01, 2022 8:12 am**

: Imagine A Society That Produces Military Goods And Consumer Goods Called Guns And Butter Respectively The Followi 1 (30.31 KiB) Viewed 36 times

The production possibilities frontier has a bowed-outshape because the quantity of guns the economy must give up inorder to produce more butter (increases/decrease) the more butteris
produced.
Indicate which of the points are impossible for the economy toachieve and which are feasible but inefficient. Check all thatapply.

: Imagine A Society That Produces Military Goods And Consumer Goods Called Guns And Butter Respectively The Followi 2 (14.39 KiB) Viewed 36 times

Imagine a society that produces military goods and consumer goods, called "guns" and "butter," respectively. The following graph shows the production possibilities frontier for guns and butter. Guns ×4 * C Butter xo

Characteristic Impossible for the economy to achieve Feasible but inefficient A B C D