Massive unemployment will shift the PPC to the left because labour force remains underutilized. The economy will produce inside the PPC indicating underutilization of resources.
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
true
Improvement of management efficiency.
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
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.
they help in production
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
true
Improvement of management efficiency.
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
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.
economic growth, will shift the PPF outward, because the income will increase.
The curve moves inward
The curve moves inward
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
Inward!
wat does inward mean?!