Since natural disastrous diseases like flu spreads it hampers contributions of millions of workers. Hence both the supply of consumer goods and capital goods decrease due to reduction in output necause of reduction in workers.
Hence this causes PPF to shift leftwards or inwards due to reduced output.
3. Shifts In production possibllities Suppose South Africa produces two types for barley, an agricuitural good,...
Draw the PPF reflecting flu breakout 3. Shifts In production possibilities South Africa produces two types of goods: agricuitural and capital. The following diagram shows its current production possibilities frontier tor bartey, an agricultural good, and industrial robots, a capital good Drag the production possibilities frontier (PPF) on the graph to show the effects of a breakout of avian flu that sickens milions of workers. Note: Select elther end of the curve on the graph to make the endpoints appear....
Suppose Japan produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for barley, an agricultural good, and locomotives, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a breakout of avian flu that sickens millions of workers. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into...
4. Shifts in production possibilities Suppose South Africa produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for barley, an agricultural good, and airplanes, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a time-saving innovation in the manufacturing of airplanes. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the...
4. Shifts in production possibilitiesSuppose France produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for wheat, an agricultural good, and industrial robots, a capital good.Drag the production possibilities frontier (PPF) on the graph to show the effects of a breakout of avian flu that sickens millions of workers.Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired...
4. Shifts in production possibilities Suppose Canada produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for corn, an agricultural good, and industrial robots, a capital good Drag the production possibilities frontier (PPF) on the graph to show the effects of an agricultural innovation that increases the crop yield of each acre of land Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one...
Suppose France produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier tor alfalfa, an agricultural good, and airplanes, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a breakout of avian flu that sickens millions of workers. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into...
Suppose France produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier tor alfalfa, an agricultural good, and airplanes, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a breakout of avian flu that sickens millions of workers. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into...
4. Shifts in production possibilities Suppose Ireland produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for alfalfa, an agricultural good, and construction vehicles, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live longer and have extended careers. Note: Select either end of the curve on the graph to make the endpoints appear. Then...
4. Shifts in production possibilities Suppose South Africa produces two types of goods: agricultural and capital. The following diagram shows its current production possibiliies frontier for alfalfa, an agricultural good, and cars, a capital good Drag the production possibilities frontier (PPF) on the graph to show the effects of a time-saving innovation in the manufacturing of cars Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the...
4. Shifts in production possibilities Suppose Canada produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for wheat, an agricultural good, and cars, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of an immigration law that results in fewer workers entering the country. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints...