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Unformatted text preview: (c) Explain (verbally and graphically) how each of the following events will effect (or not effect) Mexico’s production possibility curve. (1) a previously idle plant that makes only computers is back in operation. (2) A new technique is discovered for producing computer-games with less materials. (3) Because of a declining birthrate, the country’s working-age population shrinks. (4) Average educational attainment of the population increases by one year....
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This note was uploaded on 10/26/2009 for the course ECON 180-004-20 taught by Professor Bresnock during the Fall '09 term at UCLA.
- Fall '09