Objective Using Production Possibilities Curve; Instructions Consider the Economy of the United States. Consider also tw

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Objective Using Production Possibilities Curve Instructions Consider The Economy Of The United States Consider Also Tw 1 (114.81 KiB) Viewed 39 times

Objective Using Production Possibilities Curve; Instructions Consider the Economy of the United States. Consider also two broad categories of good, Consumer Goods that are final goods and services purchased by consumers and Capital Goods, those that are bought by Firms as new buildings and productive equipment. • Draw the Production Possibility Curve for the United States which assume that there are increasing opportunity costs between the two broad categories of goods. • Place point A on the graph where you believe the economy is today. Briefly, but thoroughly justify your placement. • Place point B on your graph where you believe the economy SHOULD BE. Briefly, but thoroughly justify your placement. Further, if point A and point B are not the same, explain why.