Question: Examine the Production Possibility Frontier chart below and explain the following. What changes must occur for production in this economy to shift from point A

Examine the Production Possibility Frontier chart below and explain the following. What changes must occur for production in this economy to shift from point A to point C? What changes must occur to shift from point A to point X? What changes must occur to shift from point A to point Y? Which of these three production shifts is preferable and why?

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