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Macroeconomics Change in PPF Position 1. Explain each of the following events affects the location of a countrys production
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Answer #1

a)

Answer: The quality of education improves, so now the production possibility curve will shift to right.

It increases the productivity.

b)

Answer: Production possibility curve does not change but all resources are not used optimally.

c)

Answer: New technique would shift the PPF to right.

d)

Answer: it will reduce the production capacity of economy, this production possibility curve will shift to the left.

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