Homework Answers
Ans. Additional resources of land becomes available.
It is not necessary that the additional land will be useful in producing the two goods on the PPF. Thus, this does not result in a shift of the production possibilities curve.
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Which of the following does not result in a shift of the production possibilities curve? Firms...
An economy's production possibilities curve could shift outward as a result of a(n) a) increase in...
An economy's production possibilities curve could shift outward as a result of a(n) a) increase in labor and capital b) reduction in the quantity of capital goods c) decrease in the production of goods or d) decrease in the amount of available resources?
Which of the following can cause an outward shift in the production possibilities curve? a.An increase...
Which of the following can cause an outward shift in the production possibilities curve? a.An increase in the quantity of labor b.An increase in the stock of capital c.An improvement in the quality of resources d.An improvement in technology e.All of the above f.None of the above
Which one of the following will cause the production possibilities curve to shift outward? increased...
Which one of the following will cause the production possibilities curve to shift outward? increased government regulation of the financial sector reallocation of resources toward food production decreased unemployment improved public education
Exhibit 2-16 Production possibilities curve Consumption goods 0 1 1TVO 2 3 4 5 6 7...
Exhibit 2-16 Production possibilities curve Consumption goods 0 1 1TVO 2 3 4 5 6 7 Capital goods 1. In Exhibit 2-16, which of the following points on the production possibilities curve are unattainable with the resources and technology currently available? a. B, C, D, U b. A, B, C, D, U c. E and W d. A, B, C, U e. A, B, C, D In Exhibit 2-16, which of the following points on the production possibilities curve are...
first, move the graph increases/decreases increases/decreases negative/positive/zero The following graph shows the production possibilities curve (PPC)...
first, move the graph
increases/decreases
increases/decreases
negative/positive/zero
The following graph shows the production possibilities curve (PPC) of an economy that produces food and computers. Suppose that the government eliminates restrictions on foreign private investment. This encourages a large number of multinational corporations to invest in this economy, which increases the amount of capital in the economy 0 0 Adjust the PPC to show the economy's new production possibilities after the increase in capital. 32 PPC 24 O 16 PPC 10...
Which of the following would most likely shift the production possibilities curve inward?
Which of the following would most likely shift the production possibilities curve inward? A. an increase in the number of hours factories are in use B. a decrease in the average number of hours worked per week as the labor force chooses to enjoy more leisure time C. an increase in the production of capital goods D. technological progress
31. Which one of the following would not shift the aggregate demand curve? a. a change...
31. Which one of the following would not shift the aggregate demand curve? a. a change in the price level. b. Depreciation of the international value of the dollar c. A decline in the interest rate at each possible price level. d. An increase in personal income tax rates. 32. The short-run aggregate supply curve (SRAS) shows the relationship between The general level of prices and the quantity of goods and services purchased by all consumer sin the economy. b....
A shift of the production possibilities curve outward could imply that an increase in inflation expectation society has...
A shift of the production possibilities curve outward could imply that an increase in inflation expectation society has chosen a different set of outputs productivity has decreases at an increasing rate the labor productivity has grown productivity has decline because workers are demanding more leisure Marginal utility describes utility gain from all consumption extra utility for each additional good consumed output divided by price extra output divided by extra utility the labor produ
questions 16 - 18 ECON 250 16. A production possibilities frontier can shift outward if there...
questions 16 - 18
ECON 250 16. A production possibilities frontier can shift outward if there is a technological improvement. In addition, a production possibilities frontier shifts outward when a. at least one of the basic principles of economics is violated. b. opportunity costs are lessened. c. the economy experiences economic growth. d. the desires of the economy's citizens change. 17. Which of the following areas of study does NOT address microeconomic issues? a. the effect on the economy of...
Name: ID: A Exhibit 2-10 Production possibilities curve data Capital goods Consumption goods 23 19 13...
Name: ID: A Exhibit 2-10 Production possibilities curve data Capital goods Consumption goods 23 19 13 1 11. Suppose an economy is faced with the production possibilities table shown in Exhibit 2-10. As additional units of capital goods are being produced, the number of consumption goods produced must because increase; the production possibility table shows only the maximum efficiency points increase; of the law of increasing costs decrease; of the law of increasing costs decrease; of the finite nature of...
Exhibit 2-16 Production possibilities curve Consumption goods 0 1 1TVO 2 3 4 5 6 7 Capital goods 1. In Exhibit 2-16, which of the following points on the production possibilities curve are unattainable with the resources and technology currently available? a. B, C, D, U b. A, B, C, D, U c. E and W d. A, B, C, U e. A, B, C, D In Exhibit 2-16, which of the following points on the production possibilities curve are...
first, move the graph
increases/decreases
increases/decreases
negative/positive/zero
The following graph shows the production possibilities curve (PPC) of an economy that produces food and computers. Suppose that the government eliminates restrictions on foreign private investment. This encourages a large number of multinational corporations to invest in this economy, which increases the amount of capital in the economy 0 0 Adjust the PPC to show the economy's new production possibilities after the increase in capital. 32 PPC 24 O 16 PPC 10...
31. Which one of the following would not shift the aggregate demand curve? a. a change in the price level. b. Depreciation of the international value of the dollar c. A decline in the interest rate at each possible price level. d. An increase in personal income tax rates. 32. The short-run aggregate supply curve (SRAS) shows the relationship between The general level of prices and the quantity of goods and services purchased by all consumer sin the economy. b....
questions 16 - 18
ECON 250 16. A production possibilities frontier can shift outward if there is a technological improvement. In addition, a production possibilities frontier shifts outward when a. at least one of the basic principles of economics is violated. b. opportunity costs are lessened. c. the economy experiences economic growth. d. the desires of the economy's citizens change. 17. Which of the following areas of study does NOT address microeconomic issues? a. the effect on the economy of...
Name: ID: A Exhibit 2-10 Production possibilities curve data Capital goods Consumption goods 23 19 13 1 11. Suppose an economy is faced with the production possibilities table shown in Exhibit 2-10. As additional units of capital goods are being produced, the number of consumption goods produced must because increase; the production possibility table shows only the maximum efficiency points increase; of the law of increasing costs decrease; of the law of increasing costs decrease; of the finite nature of...
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