Homework Answers
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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Macroeconomics Change in PPF Position 1. Explain each of the following events affects the location of...
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