Question

9. In the World View article titled "Chronic Food Shortage Shows Despite Efforts by North Korea to Hide It." On a production possibilities curve between private and public goods, a decrease in military spending in an effort to increase food production could be represented as

Answer 1

more private goods

Step-by-step explanation:

As the military spending decreases, there will be burden to produce on the private sector as the population living requires goods to consume.

Decrease in military spending concludes the decrease in financial support of government in the economy. It provides for the increase in private investment, as many areas are opened for the private sector to invest in, which ultimately results in super investments in mass production by private organisations.

Accordingly, it will result in more private goods.