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Italy and France both have the resources to produce bread and wine. If Italy devoted all of its resources to either product, it could produce 150 gallons of wine or 600 loaves of bread in a given month. If France devoted all of its resources to either product, it could produce 200 gallons of wine or 1000 loaves of bread in a given month.
a. Draw a production possibility curve for each country, assuming that there are constant opportunity costs in producing the two goods. (It does not matter which good you put on which axis.)
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