A shift outward from the origin of the whole production possibilities curve means - there is...
A shift outward from the origin of the whole production possibilities curve means
- there is unemployment in the economy.
- some resources are underemployed in the economy.
- underemployed resources are now being employed.
- there is economic growth in the economy
- resources are being shifted from one use to another use.
Homework Answers
Ans) the correct option is there is economic growth in the economy
When there is an economic growth, PPF will shift to the right because more of both the goods can be produced
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A shift outward from the origin of the whole production
possibilities curve means
- there is...
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
The production possibilities frontier can shift outward if: all of the above are correct there is...
The production possibilities frontier can shift outward if: all of the above are correct there is an increase in technology the government increases the amount of money in the economy resources can be moved from the production of one good to another
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
otes more of its res B. Cause its producti its production possibilities curve to shift outward...
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
The production possibilities curve is shifting to the right and as a consequence we attain economic...
The production possibilities curve is shifting to the right and as a consequence we attain economic growth. Which of the following best describes the reason? Economic growth may not be achieved, unless scarcity as a problem is resolved once and for all. Is reflected by a shift of the production possibilities curve to an inefficient point. Increase in the production of one good; while decreasing production of another good along the ppc. Due to expanding resource supplies and technological advancement....
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...
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 does not result in a shift of the production possibilities curve? Firms...
Which of the following does not result in a shift of the production possibilities curve? Firms develop a new technology to increase the output of Klondike bars and Oreo cookies (thegoods measured on the PPC) The unemployment rate changes from 5% to 4% Firms develop a new technology ti increase teh output of Klondike bars (one of the goods measured on the PPC) Additional resources of land become available
46) A shift outwards of the nation's production possibilities frontier can occur due to: 46) A)...
46) A shift outwards of the nation's production possibilities frontier can occur due to: 46) A) a change in the amounts of one good desired. B) an increase in the labor force C) a natural disaster like a hurricane or bad earthquake D) a reduction in unemployment. 48) If a nation's production possibilities frontier moves outward, this represents: A) economic growth. B) an impossible situation. C) rising prices of the two goods on the production possibilities frontier model. D) a...
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
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...
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 does not result in a shift of the production possibilities curve? Firms develop a new technology to increase the output of Klondike bars and Oreo cookies (thegoods measured on the PPC) The unemployment rate changes from 5% to 4% Firms develop a new technology ti increase teh output of Klondike bars (one of the goods measured on the PPC) Additional resources of land become available
46) A shift outwards of the nation's production possibilities frontier can occur due to: 46) A) a change in the amounts of one good desired. B) an increase in the labor force C) a natural disaster like a hurricane or bad earthquake D) a reduction in unemployment. 48) If a nation's production possibilities frontier moves outward, this represents: A) economic growth. B) an impossible situation. C) rising prices of the two goods on the production possibilities frontier model. D) a...
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