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Refer to the figure below
Refer to the figure below. You can think of agriculture as farming activities (e.g. the amount of vegetables or diary products produced) and construction as the number of buildings/structures built. If the economy moves from point A to point Agriculture 5 B E D Construction technological change has made construction more efficient the opportunity cost of building additional structures increases there is unemployment in the agriculture industry society values buildings more than agriculture activities
Expert Solution
Economy produces two types of goods i.e., construction of building /structure and agrictultural products.
The PPF curve is concave in shape.
It represents the increasing opportunity cost of construction of building / structure as we move downward along the PPF curve.
Note: Agriculture is measured on Y axis and Construction is measured on X-axis.
If the economy moves from point A to point C the opportunity cost of building additional structure increases.
Answer: Option (B)
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