For Ethiopia to increase its future economic growth it must choose a point that is

A. Below its production possibilities curve

B. Further along on its production possibility curve toward the capital goods axis.

C. Further along on its production possibility curve toward the consumption goods axis.

D.Above it's production possibility curve.

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Insha FatimaLv10

21 Nov 2020

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Related questions

Type of production A B C D E
Automobiles 0 2 4 6 8
Forklifts 30 27 21 12 0

To the above is a production possibilities table for consumer goods (automobiles) and capital goods ( forklifts):

a) Show this data graphically. upon what specific assumptions is this possibility curved based?
B) If the economy is at point c, what is the cost of one more automobile? of one more forklifts? which characteristics of the production curve reflects the law of increasing opportunity costs: its shape or its length?
c) If the economy characterized by this production possibilities table and curve were producing 3 automobiles and 20 forklifts, what could you conclude about its use of its available resources?
d) Is a production at a point outside the production possibilities curve currently possible? Could a future advance in technology allow production beyond the current production possibilities curve? Could international trade allow a country to consume beyond its current production possibilities curve?

rubymosquito820

Suppose an economy produces only two goods, consumer goods, and capital goods. Its current combination of production involves a higher level of capital goods than consumer goods. What can be inferred from this current choice on its production possibilities curve?

That its ____ choice in production may result in ____ future prospects for economic growth.