Assume that prior to trade, Canada is producing 2 units of carrots and 10 units of beets. What can you conclude about the use of resources in Canada? Explain using the production possibilities curve model.

Respuesta :

The production possibilities curve can be used to determine the production efficiency of the carrot and beets based on the available resources.

The Production Possibilities Curve

Production Possibilities Curve (PPC) is a model that is used to show the relationship between the allocated resources and the quantity produced for two goods.

A production possibilities curve measures the production efficiency.

The production possibilities curve can be used to determine the production efficiency of the carrot and beets based on the available resources.

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