Given below is the production possibilities schedule for a small island nation in South Pacific that produces capital and consumer goods.Table 2.3

-Consider the production possibilities curve for an economy producing only two commodities wheat (represented on the X axis) and wine (represented on the Y axis). A movement up along the production possibilities curve [PPC] will imply:

Question

Given below is the production possibilities schedule for a small island nation in South Pacific that produces capital and consumer goods.Table 2.3
 
-Consider the production possibilities curve for an economy producing only two commodities wheat (represented on the X axis) and wine (represented on the Y axis). A movement up along the production possibilities curve [PPC] will imply:

Quizplus · Accepted Answer

A movement up along the production possibilities curve [PPC] implies that the economy is increasing production of the good represented on the Y axis (in this case, wine) while keeping the production of the good represented on the X axis (in this case, wheat) constant. Therefore, the correct answer is an increase in wine production (D).

Given Below Is the Production Possibilities Schedule for a Small