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What factors that would shift the production possibility curve inward or outward?
An outward shift would result when there is an improvement in technology that would benefit both types of goods. An increase in the workforce which would result in mor factor resources being exploited. An improvment in productivity and effeciency in goods production. An inward shift would result when there is unemployed resources or when the economy uses resources inefficiently
A production possibilities frontier can shift inward if there is technological progresstrue or false?
true
What is it that causes a production possibilities curve to shift outward or inward?
Improvement of management efficiency.
Draw and explain a production possibility frontier for an economy that produces milk and cookies What happens to this frontier if disease kills half of the economies cow population?
If a disease kills half of the economy's cow population, less milk production is possible, so the PPF shifts inward (PPF2). Note that if the economy produces all cookies, so it doesn't need any cows, then the production is unaffected. But if the economy produces any milk at all, then there will be less production possible after
Explain what shift the product possibility frontier outward and what shift is inward?
economic growth, will shift the PPF outward, because the income will increase.
How would a production possibility frontier would be effected by a reduction in the standard number of hours worked?
A reduction in the standard number of hours worked would likely shift the production possibility frontier inward, indicating a decrease in the maximum possible output levels of goods and services. This is because with fewer hours worked, there are fewer resources being utilized efficiently, leading to decreased production capabilities.
Why does water move inward in the root?
they help in production
What factors that would shift the production possibility curve inward or outward?
An outward shift would result when there is an improvement in technology that would benefit both types of goods. An increase in the workforce which would result in mor factor resources being exploited. An improvment in productivity and effeciency in goods production. An inward shift would result when there is unemployed resources or when the economy uses resources inefficiently
A production possibilities frontier can shift inward if there is technological progresstrue or false?
true
What is it that causes a production possibilities curve to shift outward or inward?
Improvement of management efficiency.
Draw and explain a production possibility frontier for an economy that produces milk and cookies What happens to this frontier if disease kills half of the economies cow population?
If a disease kills half of the economy's cow population, less milk production is possible, so the PPF shifts inward (PPF2). Note that if the economy produces all cookies, so it doesn't need any cows, then the production is unaffected. But if the economy produces any milk at all, then there will be less production possible after
Explain what shift the product possibility frontier outward and what shift is inward?
economic growth, will shift the PPF outward, because the income will increase.
What is meant by labaur productivity and show how change in labor productivity may affect on economy production possibility curve?
When productivity changes, it affects the productive capacity of an economy. Labour, as an input in production, helps to determine total output produced. When labour productivity falls,that is ouput per labour per decreases goods then total production falls. The PPP (also known as the PPF) moves inward to represent the fewer production choices available. When labour productivity increases, the curve shifts outward to represents increased production and production choices.
What If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
What is the difference between carriage inwards and carriage outwards?
Carriage Inward Including when Raw Material Import/Purchase from other side to Factory or Production house on that time use Carriage inward ( Use Trading A/c) Carriage Outward when
Where can you get cheap inward forks?
wat does inward mean?!
