hw 2 us production possiblity curve and where our economy is today

Hw 2 us production possiblity curve and where our economy is today

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Ryan Hayes ECO 201 Homework 2 9/7/09
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2) The reason I put point a where it is, is because I believe America consumes too much. Although we naturally want everything, it is now a greater priority that we have finished goods in this country rather than make them. Our school systems are “starting” to fall behind compared to countries like Japan since kids in that country are taking higher levels of math and science at a younger age, in which they can more quickly advance with the supplies they have. There is still some industry in this country, but not nearly as much as the level of the amount of consumer goods we have. 3) We should be closer to point B, because the greater the capital, the faster a nation can grow.
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Unformatted text preview: We dont produce enough capital as a nation to increase at a quicker rate because we decide that buying from other countries is easier. I believe that if we could focus more on capital goods, and try to find a way to make it cheaper to work here with our people and capital. If we can do that somehow, we will be able to grow as a nation. http://74.125.95.132/search? q=cache:RHxqqL2j9DgJ:tucker.swlearning.com/eft4e/ppt/production.ppt+production+possibility +curve+for+the+us+today+between+capital+goods+and+consumer+goods&cd=2&hl=en&ct=cl nk&gl=us...
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This document was uploaded on 11/01/2011 for the course ECO 201 at Miami University.

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Hw 2 us production possiblity curve and where our economy is today

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