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Describe how the opportunity cost of controlling malaria changes as more resources are used to reduce the number of malaria cases Explain how the following events influence U.S. production

Describe how the opportunity cost of controlling malaria changes as more resources are used to reduce the number of malaria cases. 6. Explain how the following events influence U.S. production possibilities: • Some retail workers are re-employed building dams and wind farms. • More people take early retirement. • Drought devastates California’s economy. Use the following information to work Problems 7 and 8. Figure 1 shows Tom’s production possibilities and Figure 2 shows Abby’s production possibilities. Tom uses all his resources and produces 2 rackets and 20 balls an hour. Abby uses all her resources and produces 2 rackets and 40 balls an hour.

May 01 2020 View more View Less

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