Homework Answers
d. Graph D
(When half of the society’s population is wiped out then country’s labor decreases which means its available resources declined. So, it’s production capability will decrease and the PPF will shift inward on both axis which means that the amount produced in both sectors declines.)
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Use these production possibilities frontier (PPF) curves, which compare the ancient production of agricultural products to...
The figure depicts a shift in a society’s production possibilities frontier (PPF) for the manufacture of...
The figure depicts a shift in a society’s production possibilities frontier (PPF) for the manufacture of trains and planes: train-manufacturing capacity expands while plane-manufacturing capacity shrinks. Refer to this figure to answer the following questions. Which point represents an output that was efficient before the shift but is inefficient afterward? point A point B point C point D point E Planes Trains
Determine how each of the following would affect the U.S. Production Possibilities Frontier (PPF). Scenario Shift...
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
The accompanying graph contains the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products,...
The accompanying graph contains the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products, rubber band balls and rubber hoses, and on a given day can produce according to the PPF in the graph. Point A on the PPF represents the combination of the two goods Rubberland currently produces. When a new method of rubber processing is discovered, the productivity of all Rubberland's inputs increases. Please shift the PPF to show this change. Assume that Rubberland does not...
The accompanying graph contains the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products,...
The accompanying graph contains the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products, rubber band balls and rubber hoses, and on a given day can produce according to the PPF in the graph. Point A on the PPF represents the combination of the two goods Rubberland currently produces. When a new method of rubb productivity of all Rubberland's inputs increases. Please shift the PPF to show this change Assume that Rubberland does not make more rubber band...
Determine how each of the following would affect the U.S. Production Possibilities Frontier (PPF). Scenario Shift...
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...
Illustrate three of the following concepts using properly drawn and labeled production possibilities frontier graphs. Use...
Illustrate three of the following concepts using properly drawn and labeled production possibilities frontier graphs. Use a separate ppf graph for each concept you select. 1. scarcity and trade-offs 2. unemployment 3. opportunity cost 4. economic growth
Consider the Production Possibilities Frontier (PPF) for a country, Theophili. Using a diagram, show whether each...
Consider the Production Possibilities Frontier (PPF) for a country, Theophili. Using a diagram, show whether each of the following events causes the PPF to contract, expand, or not change at all. Assume that Theophili can either produce candles or liturgical books. a) The country experiences immigration of skilled workers. b) An earthquake destroys half of the country’s factories, and kills half of its workers. c) A new technology improves the production process of both candles and liturgical books. d) Theophili...
The following graph depicts the production possibilities frontier (PPF) of a small economy that produces only...
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...
Please answer both questions, with an explanation Suppose the given production possibilities frontier (PPF) graph shows...
Please answer both questions, with an explanation
Suppose the given production possibilities frontier (PPF) graph shows the fictitious country of Ruritania currently producing at the point labeled Start. If a decision is reached to provide more public goods, to which point will Ruritania move? O D O c O B Start С What is the opportunity cost of that decision? O There is no opportunity cost since the economy is still producing on the PPF. Public goods The private goods...
O ou LOI- If you were to graph the production possibilities frontier (PPF) with military output...
O ou LOI- If you were to graph the production possibilities frontier (PPF) with military output on the horizontal axis, and civilian goods and services on the vertical axis, and if the PPF were curved, where would you expect the opportunity cost of military output to be highest? A Where the PPF intersects the horizontal axis B. Where the PPF intersects the vertical axis Nowhere in particular, because the opportunity cost is constant At the point on the PPF where...
The accompanying graph contains the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products, rubber band balls and rubber hoses, and on a given day can produce according to the PPF in the graph. Point A on the PPF represents the combination of the two goods Rubberland currently produces. When a new method of rubber processing is discovered, the productivity of all Rubberland's inputs increases. Please shift the PPF to show this change. Assume that Rubberland does not...
The accompanying graph contains the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products, rubber band balls and rubber hoses, and on a given day can produce according to the PPF in the graph. Point A on the PPF represents the combination of the two goods Rubberland currently produces. When a new method of rubb productivity of all Rubberland's inputs increases. Please shift the PPF to show this change Assume that Rubberland does not make more rubber band...
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...
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...
Please answer both questions, with an explanation
Suppose the given production possibilities frontier (PPF) graph shows the fictitious country of Ruritania currently producing at the point labeled Start. If a decision is reached to provide more public goods, to which point will Ruritania move? O D O c O B Start С What is the opportunity cost of that decision? O There is no opportunity cost since the economy is still producing on the PPF. Public goods The private goods...
O ou LOI- If you were to graph the production possibilities frontier (PPF) with military output on the horizontal axis, and civilian goods and services on the vertical axis, and if the PPF were curved, where would you expect the opportunity cost of military output to be highest? A Where the PPF intersects the horizontal axis B. Where the PPF intersects the vertical axis Nowhere in particular, because the opportunity cost is constant At the point on the PPF where...
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