After you have studied Economics in the News, answer the following questions. a. How have robots changed
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After you have studied Economics in the News, answer the following questions.
a. How have robots changed the U.S. production possibilities?
b. How have advances in technologies for producing services changed the U.S. production possibilities?
c. If robots had been the only technological advance, how would the PPF have changed?
d. If robots had been the only technological advance, how would the opportunity cost of producing steel have changed? Would it have been lower or higher than it actually was?
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