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Question: 1 specialization and production possibilities suppose canada produces only tablets...

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1. Specialization and production possibilities Suppose Canada produces only tablets and smartphones. The resources that are used in the production of these two goods are not specialized-that is, the same set of resources is equally useful in producing both smartphones and tablets The shape of Canadas production possibilities frontier (PPF) should reflect the fact that as Canada produces more smartphones and fewer tablets, the The following graphs show two possible PPFs for Canadas line pPF (PPF) and a bowed-out PPF (PPF). increases remains constant Graph 1 Graph 2 PPF2 PPF Based on the previous description, the trade-off Canada faces between producing smartphones and tablets is best represented by Grada It Now Save & Continuc Continue withaut saving

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