A community in Northern Namibia produces only two goods,TVs and CD's. With the aid of properly labelled production possibilities curve illustrate each of the following (putting TVs on the vertical axis).2.1.1 A shift in production from CD's (service) towards TVs(goods). 2.1.2 An increase in the potential output of the community due to a greater availability of the factors of production.
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Expert's answer
2018-04-09T02:52:12-0400
2.1 2.1.1 A shift in production from CDs (services) towards TVs (goods) - a movement along the curve. 2.1.2 An increase in the potential output of the community due to a greater availability of the factors of production - PPC will shift outwards (to the right).
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