Question: a. Draw a graph to illustrate production, consumption, and trade in the South before the Civil War. b. Was the South consuming inside, on, or

a. Draw a graph to illustrate production, consumption, and trade in the South before the Civil War.
b. Was the South consuming inside, on, or outside its PPF? Explain your answer.
c. Draw a graph to show the effects of the Civil War on consumption and production in the South.
d. Did the Civil War change any opportunity costs in the South? If so, did the opportunity cost of everything increase? Did the opportunity cost of any items decrease? Illustrate your answer with appropriate graphs.

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a Figure 216 illustrates the Souths situation The production point is point a The South produces a great deal of cotton and very little food and manuf... View full answer

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