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Production Possibility Frontier

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Utilize the attached graph to answer these questions:

In the absence of trade, Canada would produce and consume how many televisions and refrigerators? Explain

With specialization, how many televisions would Canada produce? Explain

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This explains the concept of production possibility frontier with the help of an example.

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In the absence of trade, It will produce consume 8 television and 12 refrigerator. This is because this is achieved at the point of equilibrium (Point A) if there is ...

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