Table: Production Possibilities (a) United States Possibilities One Possibility Another Possibility Quantity of roses (boxes) 1,000 0 Quantity of computers 0 2,000 (b) Columbia Production Possibilities One Possibility Another Possibility Quantity of roses (boxes) 2,000 0 Quantity of computers 0 1,000 Reference: Ref 8-8 Table: Production Possibilities (Table: Production Possibilities) Use Table: Production Possibilities. The opportunity cost of 1 computer for _____ is _____ box(es) of roses. Select one: a. the United States; 1 b. Colombia; 2 c. the United States; 2 d. Colombia; 0.5

(Shape of the PPF) Suppose a production possibilitiesfrontier includes the following combinations:Cars                         Washing Machines0                                   1,000100                                 600200                                     0a. Graph the PPF, assuming that it has no curvedsegments.b. What is the cost of producing an additional car when50 cars are being produced?

3) Compare the lives of sugar producers in the Americas and gold miners in Africa. How did these products affect livelihoods in each region? How did sugar and gold transform global economy? Sources:

(Key Question) Below is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts): Туре of Production Production Alternatives A B D E Automobiles 2 6 8. Forklifts 30 27 21 12 4. Refer to the above table and show these data graphically below. Upon what specific assumptions is this production possibilities curve based? a. Show these data graphically below. What are specific assumptions behind PPC? Four Assumptions of production possibilities curve (See p.8 under Production Possibilities Model: Forklifts 30- a) 20 b) c) 10 2 4 Automobiles 8. b. If the economy is at point C, what is the cost of one more automobile? What if at point D? Explain how production possibilities curve reflects the law of increasing opportunity costs. Opportunity cost of one more automobile @ C: => In order to get 2 aditional automobiles, you have to sacrifice forklifts. So the opportunity cost of 2 more automobiles is the forgone_ forklifts. Then, for 1 additional automobile,…