Use the green line (triangle symbols) to show the trading possibility frontier (
ID: 1100936 • Letter: U
Question
Use the green line (triangle symbols) to show the trading possibility frontier (TPF), or what is alternatively called the consumption possibilities curve, for China if the negotiated terms of trade are one million units of manufactured goods in exchange for five million pounds of tea. Use the purple line (diamond symbols) to show the TPF for China if the negotiated terms of trade are one million units of manufactured goods in exchange for 2.5 million pounds of tea.
Having a bit of difficulty with my last review question. Any help is appreciated. Thanks
(Also, use the graph on the right, not the left.)
Explanation / Answer
Green: From 1000 on the Y-axis to 200 on the X-axis
Purple: From 1000 on the Y-axis to 400 on the X-axis
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.