Social Studies, 20.09.2020 06:01, Chartwig4576

A country, Frankland, produces only two products, cars and trucks. Currently, Frankland is producing on the curve, producing an even amount of cars and trucks. Define what a production possibilities curve is and is used for, and explain what happens when a new technology is adopted by the country of Frankland and the nation is able to increase production because of the increased productivity. You must use complete sentence to answer this question.

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A country, Frankland, produces only two products, cars and trucks. Currently, Frankland is producing...