Two countries, Alpha and Beta, have identical production possibilities frontiers. What is the outcome if Alpha produces at poi
1 answer:
Answer:
C.) Alpha consumes more than Beta today, but it will grow slower than Beta.
Explanation:
In the case when the two countries i.e. Alpha and beta have the same kind of production probabilities so the outcome when the alpha produced at point A while beta produced at point b is that the alpha consumers more than beta but the growth is slow as compared to beta because the beta is the point where there is a large capital but the less consumption. And, when there is a more capital goods so the growth if we compared with the alpha growth
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Answer:
C. a movement down along the supply curve for that good.
Explanation:
A decrease in price would lead to a decrease in the quantity supplied and a movement down along the supply curve.
This is in accordance to the law of supply which says the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
