[SOLVED] production possibilities curve
June 8th, 2022
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[SOLVED] production possibilities curve
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Q. 1. During the Second World War, Germanys factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germanys production possibilities curve?
Q. 2. What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world?
Q. 3. Are differences in geography behind the differences in absolute advantages?