Suppose that Knesch has three plots of land which produce as follows:
Which of the following is a point NOT
on its production-possibilities frontier?
80 wheat, 30 rye
50 wheat, 50 rye
40 wheat, 10 rye
90 wheat, zero rye.
Suppose that the production-possibilities frontier of Xahosch looks like this:
Which of the following would shift this production-possibilities frontier to the right, that is, increase the possibilities that could be produced?
Changes in tastes
Improved varieties of wheat or rye
A reduction of unemployment