answersLogoWhite

0

No, by itself it just shows the production possibilities but provides no information on what the economy is actually doing.

User Avatar

Wiki User

8y ago

What else can I help you with?

Related Questions

What is the purpose of production possibilities graphs?

to show alternative ways to use an economy's resources


How Production possibilities graphs can help us understand three things about an economy?

Production possibilities graphs illustrate the maximum output combinations of two goods or services an economy can produce, helping us understand opportunity costs, efficiency, and trade-offs. They reveal how resources are allocated, showing the trade-offs between different production choices. Additionally, these graphs can highlight the impact of economic growth or resource changes, indicating shifts in the production frontier. Overall, they provide a visual representation of an economy's constraints and potential.


Is Economists often use production possibilities graphs to explore supply and demand true or false?

False. Economists typically use production possibilities graphs to illustrate the trade-offs and opportunity costs associated with the allocation of resources between different goods and services. While these graphs provide insights into efficiency and resource limitations, they do not directly explore supply and demand, which are better represented through demand and supply curves.


How does art relates to economy?

the graphs it artistic


What are the differences between adjacency list and matrix when representing a graph data structure?

When representing a graph data structure, the adjacency list method stores connections between nodes as lists, making it efficient for sparse graphs. The matrix method uses a 2D array to represent connections, suitable for dense graphs but less memory-efficient.


What measure on the graphs seems to indicate an improvement in the us economy during the depression?

One measure that indicates an improvement in the U.S. economy during the Great Depression is the rise in industrial production. After reaching a low point in the early 1930s, production levels began to increase, reflecting a recovery in manufacturing and overall economic activity. Additionally, improvements in employment rates and increased consumer spending during the latter part of the decade also suggest signs of economic recovery.


Do graphs represent equations?

Bar graphs and line graphs do not. Straight line, parabolic, and hyperbolic graphs are graphs of an equation.


How are bar graphs and line graphs and circle graphs different?

circle graphs add up to 100% , bar and line graphs don't


What is a type of graphical graph?

All graphs are graphical graphs because if they were not graphical graphs they would not be graphs!


What are the three types of graphs scientist use?

Pie Graphs, Bar Graphs, and Line Graphs are three graphs that scientist use often.


What are the two main types of graphs?

Bar graphs and line graphs.


How do graphs represent motion?

The answer depends on what information is graphed. There are distance-time graphs, velocity-time graphs, speed-time graphs, acceleration-time graphs.