The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | Apr 2017 |
| Last Sign in: | 327 Weeks Ago, 5 Days Ago |
| Questions Answered: | 12843 |
| Tutorials Posted: | 12834 |
MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Question 1Go to the Heritage Foundation's Index of Economic Freedom at http://www.heritage.org/Index/. Click on "Ranking" or "View the full list" to see the ranking of all of the countries in the world. Find the United States on the list and click to see more details. Click on "Government Spending" to answer the questions below.
c. Draw a production possibilities curve with "Government Output" on one axis and "Consumer Goods" on the other axis, show the change you discuss above. Use one point on the curve to represent the current year (or the most recent year of the index if it hasn't been updated yet) and another point to represent the previous year. (Assume that the production possibilities did not shift from the previous year.)
-----------