Question:

Can a nation live beyond it's production possibility curve?

by  |  earlier

0 LIKES UnLike

"a nation can live beyond it's production possibility curve,but world cannot"do you agree?

 Tags:

   Report

1 ANSWERS


  1. Sure, the U.S. has been doing it for years - going into debt to pay for more goods and services than it can produce.

    As for the world, it can only produce so much at any instant (though it varies over time), and while who gets how much of what can be changed easily enough, it is harder to produce more than you can produce.

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.