Introduction to Econ 1.1

Suppose the Netherlands produces two types of goods: wheat and construction vehicles. The following diagram shows its current production possibilities frontier (also known as the production possibilities curve) for wheat and construction vehicles.


Don't use plagiarized sources. Get Your Custom Essay on
Need an answer from similar question? You have just landed to the most confidential, trustful essay writing service to order the paper from.
Just from $11/Page
Order Now

Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live longer and have extended careers.


Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.