g) An economy has 50 workers. Each worker can produce 4 cars or 25 shirts. How many cars can this economy produce? 150 100 200 50 Continue with part (g): If we plot this information and draw a production possibilities frontier (PPF) with shirts on the vertical axis and cars on the horizontal axis, w

Question

g) An economy has 50 workers. Each worker can produce 4 cars or 25 shirts. How many cars can this economy produce?

	150
	100
	200
	50

Continue with part (g): If we plot this information and draw a production possibilities frontier (PPF) with shirts on the vertical axis and cars on the horizontal axis, what is the slope of the PPF?

	0.16
	0.025
	4
	6.25

i)

A two-person, two-product production possibilities frontier (PPF) has a _____ shape, and as we increase the number of ____ in the economy and aggregate to find the total, the aggregate PPF has a ____ shape.

	Kinked; persons; smooth
	Kinked; persons; kinked
	Smooth; products; kinked
	Kinked; products; smooth

j)

The Paradox of Thrift states that an increase in current savings

	Could decrease current and future production
	Could increase current production even though future production could decrease
	Could increase current and future production
	Could decrease current production even though future production could increase

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