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ilearn.Iaccd edu 0.4 pts D | Question 19 The fsure depicts a shift in a society's production possibilties frontier (PPF) for the manufocture of trains and planes: train-manufocturing capacity expands while plane-manufacturing capacity shrinks. Refer to this figure to answer the following questions Planes Trains Which point represents an output that was efficient before the shift but is ineficient afterward? O point A point B O point C O point E point D 0.4 pts D | Question 20 the...
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The figure above shows a production possibilities frontier (PPF) for a society that makes two goods-pizza and wings. For each point in the figure, select the correct button below to show whether the point represents an efficient use of resources, an inefficient use of resources, or is unattainable. Point A: Point B: Point C: Point D: Point F:
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Figure 1: PPF Production Possibilities Frontier 0 0 Pizza Multiple Choice 1. Refer to the Production Possibilities Frontier (PPF) in Figure 1 on the next page. What is true about point A? (A) It is unattainable (B) Resources are being unused or misallocated (C) Capital exceeds labour in production (D) It is preferable to point B 2. Still referring to Figure 1, what is true about point B? (A) It represents diminishing and increasing opportunity cost (B) It is a...
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Opportunity cost is evident on the production possibilities
frontier (PPF) graph
as we move from one unattainable point to an efficient point on
the frontier.
as we move from an inefficient point to the origin.
as we move from one point on the frontier to another point on
the frontier.
at any one single point on the graph.
as we move from the origin to any inefficient point.
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Determine how each of the following would affect the U.S.
Production Possibilities Frontier (PPF).
Scenario
Shift Outward
Shift Inward
Movement to a Point Closer to the Frontier
Movement to a Point Inside the Frontier
A law that requires individuals to enter lines of work for
which they are not suited
A decrease in the unemployment rate
An increase in the number of illegal immigrants
A war that takes place on U.S. soil
The discovery of a new oil field
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Determine how each of the following would affect the U.S. Production Possibilities Frontier (PPF). Scenario Shift Outward Shift Inward Movement to a Point Closer to the Frontier Movement to a Point Inside the Frontier A war that takes place on U.S. soil An increase in the number of illegal immigrants A decrease in the unemployment rate A law that requires individuals to enter lines of work for which they are not suited The discovery of a new oil field Save...
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Consider the production possibilities frontier (PPF) that shows
the trade-off between the production of cotton and the production
of soybeans depicted in the figure to the right.
Use the three-point curved line drawing tool to show the effect
that
improved fertilizersimproved fertilizers
would have on the initial production possibilities frontier by
drawing a new production possibilities frontier. Properly label
this curve. .
Carefully follow the instructions above, and only draw the
required objects.
PPF1 Quantity of soybeans
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3. Efficiency in the production possibilities model Suppose France produces only two goods: wheat and tablets. The following graph shows France's current production possibilities frontier, along with six output combinations represented by black points (plus symbols) labeled A to F 100 エ PPF 40 20 100 WHEAT (Millions of bushels) Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply Point Inefficient Efficient Unattainable
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The following graph depicts the production possibilities frontier (PPF) of a small economy that produces only two goods: coffee makers and cell phones. On the PPF, five combinations of goods are shown and labeled with the letters A through E. Refer to the graph to answer the questions that follow. (Hint: You can click on any of the five points to view the coordinates of that point.) CELL PHONES COFFEE MAKERS Given the number of coffee makers produced, fill in...
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Suppose the accompanying graph represents the Canadian production possibilities frontier between producing maple syrup and timber. . Place point A at a location that is obtainable but inefficient Place point B at a location that is unobtainable Place point C at a location that is efficient. Production Possibilities for Canada
ilearn.Iaccd edu 0.4 pts D | Question 19 The fsure depicts a shift in a society's production possibilties frontier (PPF) for the manufocture of trains and planes: train-manufocturing capacity expands while plane-manufacturing capacity shrinks. Refer to this figure to answer the following questions Planes Trains Which point represents an output that was efficient before the shift but is ineficient afterward? O point A point B O point C O point E point D 0.4 pts D | Question 20 the...
The figure above shows a production possibilities frontier (PPF) for a society that makes two goods-pizza and wings. For each point in the figure, select the correct button below to show whether the point represents an efficient use of resources, an inefficient use of resources, or is unattainable. Point A: Point B: Point C: Point D: Point F:
Figure 1: PPF Production Possibilities Frontier 0 0 Pizza Multiple Choice 1. Refer to the Production Possibilities Frontier (PPF) in Figure 1 on the next page. What is true about point A? (A) It is unattainable (B) Resources are being unused or misallocated (C) Capital exceeds labour in production (D) It is preferable to point B 2. Still referring to Figure 1, what is true about point B? (A) It represents diminishing and increasing opportunity cost (B) It is a...
Determine how each of the following would affect the U.S. Production Possibilities Frontier (PPF). Scenario Shift Outward Shift Inward Movement to a Point Closer to the Frontier Movement to a Point Inside the Frontier A war that takes place on U.S. soil An increase in the number of illegal immigrants A decrease in the unemployment rate A law that requires individuals to enter lines of work for which they are not suited The discovery of a new oil field Save...
Consider the production possibilities frontier (PPF) that shows
the trade-off between the production of cotton and the production
of soybeans depicted in the figure to the right.
Use the three-point curved line drawing tool to show the effect
that
improved fertilizersimproved fertilizers
would have on the initial production possibilities frontier by
drawing a new production possibilities frontier. Properly label
this curve. .
Carefully follow the instructions above, and only draw the
required objects.
PPF1 Quantity of soybeans
3. Efficiency in the production possibilities model Suppose France produces only two goods: wheat and tablets. The following graph shows France's current production possibilities frontier, along with six output combinations represented by black points (plus symbols) labeled A to F 100 エ PPF 40 20 100 WHEAT (Millions of bushels) Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply Point Inefficient Efficient Unattainable
The following graph depicts the production possibilities frontier (PPF) of a small economy that produces only two goods: coffee makers and cell phones. On the PPF, five combinations of goods are shown and labeled with the letters A through E. Refer to the graph to answer the questions that follow. (Hint: You can click on any of the five points to view the coordinates of that point.) CELL PHONES COFFEE MAKERS Given the number of coffee makers produced, fill in...
Suppose the accompanying graph represents the Canadian production possibilities frontier between producing maple syrup and timber. . Place point A at a location that is obtainable but inefficient Place point B at a location that is unobtainable Place point C at a location that is efficient. Production Possibilities for Canada