Consider two countries germany and sweden both countries, Ask an Expert

Economics

Consider two countries, Germany and Sweden. Both countries are at full employment, and Germany devotes a larger portion of its production to capital. Which of the following statements is most likely true?

A. Germany is a poorer country than Sweden.

B. Germany will move up on its production possibility curve (ppc) faster than Sweden.

C. Sweden is producing inside its (ppc) while Germany is producing at a point on its (ppc).

D. Germany's (ppc) will shift to the right farther and faster than Sweden's

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92009153

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