Explain how if at all each of the following events will, Ask an Expert

Economics

describe how (if at all) each of the following events will affect a country's production possibilities curve.

a. A devastating earthquake destroys numerous production facilities.

b. The number of unemployed workers decreases due to a government sponsored job creation campaign that gives privately owned firms giant tax incentives to hired currently unemployed workers.

c. The largest oil reserve ever is discovered ¼ mile directly under the undeveloped land the College owns behind the football field.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M963462

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