-In 2006,Country X and Country Y had the same production possibilities,illustrated in the figure above.Country X chose to produce at point A,while country Y chose to produce at point B.In 2012,most likely,Country X will be at point such as ________ while Country Y will be at point such as ________.

Question

Quizplus · Accepted Answer

Country X, producing at point A, likely focused on capital goods, leading to economic growth and a shift to point N. Country Y, producing at point B, likely focused on consumer goods, resulting in less growth and a shift to point Q.

-In 2006,Country X and Country Y Had the Same Production