Answer:
The country would have to;
A improve technology in the future
Explanation:
A production possibilities frontier is a curve the shows the relationship between the varying amounts of two products that can be produced if the products depend on the same limited resources for their production. It is also used in economics to illustrates the point where the economy's production reaches the most efficient level in terms of the choice of goods it decides to produce and the ones it decide to trade from other countries to satisfy it's needs.
To understand the production possibilities frontier, one needs to know that it is the point where the production of goods and services are efficient due to an effective allocation of resources. When the country is operating below the production possibilities frontier, it means that they are not yet efficient in terms of production and resource allocation therefor they can still improve on resource allocation and production methods. A country that is operating on the production possibilities frontier is operating at it's peak efficiency in terms of production and allocation of resources. For an economy to move beyond it's production possibilities frontier, the technology has to be improved in the future.
Answer:
The first graph represents the housing market with rent control fully in place. In such a housing market, rent does not get out of hand before government intervention.
Explanation:
With the first graph, t the market could not reach the equilibrium point without the rent control stopping the market forces of supply and demand from exceeding a controlled price (rent). It shows the effect of price control on the market dynamics. With a control on the price (house rent by government), a certain price is imposed on the suppliers and consumers so that they do not go above the prescribed limit. This is what obtains in a controlled economy. On the other hand, in a free market, government does not intervene with control mechanisms, instead it allows the market forces to interact, enabling aggregate production and consumption of goods and services.
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B. Principle
C. Terminal Value