ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Home is a country that produces two goods, coconuts and fish. Last year, Home produced 450 tons of coconuts and 1050 tons of fish. This year it produced 450 tons of coconuts
and 2000 tons of fish. Given No other information, which of the following events could explain this change?
Home experienced increased unemployment.
Home experienced an improvement in fish-catching technology.
Home experienced a decline in coconut-producing technology.
Home experienced a reduction in resources.
000 0
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Transcribed Image Text:Home is a country that produces two goods, coconuts and fish. Last year, Home produced 450 tons of coconuts and 1050 tons of fish. This year it produced 450 tons of coconuts and 2000 tons of fish. Given No other information, which of the following events could explain this change? Home experienced increased unemployment. Home experienced an improvement in fish-catching technology. Home experienced a decline in coconut-producing technology. Home experienced a reduction in resources. 000 0
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