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Evidence accumulates that the use of chemical fertilizers, which increases agricultural production greatly, damages water quality. How do I know which good should be placed on the X or Y axis?
A) Identify which "good" should be placed on each axis in order to construct the production possibility frontier.
B) Discuss THREE possible impacts of an improved fertilizer on the production possibility frontier from part a.
This document contains various important questions and their appropriate answers in the subject field of Economics.
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