Asked by

Jamie McLamb
on Oct 13, 2024

verifed

Verified

Japan could shift its production possibilities curve outward (to the right) if

A) it could buy some islands in the Pacific Ocean,thus increasing its available amount of land.
B) it could devote more of its output to military goods.
C) it could devote more of its output to producing consumer goods.
D) all of the choices are true.

Production Possibilities Curve

A graphical representation that shows the maximum combination of two goods that can be produced with available resources and technology.

Consumer Goods

Products that are purchased for consumption by the average consumer, including items such as food, clothing, and household products.

Military Goods

Products and services specifically designed, manufactured, and supplied to armed forces, including weapons, equipment, and military technology.

  • Acknowledge the factors influencing shifts or mobility on the production possibilities frontier.
verifed

Verified Answer

VC
Verania CarrilloOct 16, 2024
Final Answer:
Get Full Answer