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How will a reduction in the number of hours worked each day affect an economy's production possibilities curve?
Wiki User
∙ 9y ago
The economy's production possibilities would drop if there was a reduction in the number of hours worked each day. Since, production is dependent on labor, there would be less products produced.
Wiki User
∙ 9y ago
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How would trading posts affect Crusoe's consumption-possibilities frontier?
Trading posts were used as a set place where people could go to trade goods and services.below or to the left of the production possibilities frontier20 trading postsAttainable
How will technological advances affected the production possibilities curve?
Let's briefly explore each one of these and see how they shift the curve. Probably what you hear about most in economics is how changes in technology affect the curve. For example, let's say the country discovers a new technology, such as a new computer system that improves productivity. Anything that improves the productivity of workers is good. This causes output to increase, so the production possibilities curve shifts outward, or to the right. On the other hand, let's say a major war causes destruction of capital equipment in the country. This would cause output to decrease, so in this case, the production possibilities curve shifts inward, or to the left.
What are two product changes that affect demand?
. Do changing demands affect production?
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regulation
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it affects because labor is the main factor of production so that is to say no labor no production at all
How does technology affect production possibilities?
Technology increases production per unit of input (either labor or capital). Any increase in technology necessarily increases output per unit of input.
How would trading posts affect Crusoe's consumption-possibilities frontier?
Trading posts were used as a set place where people could go to trade goods and services.below or to the left of the production possibilities frontier20 trading postsAttainable
How would the quality of education increase affect the location of a country's production possibilities curve?
the quality of education that increases will improve the human capital which is one of the factors of production. therefore, the pp curve will shift outwards against potential growth.
What effects does increased technology have on the production possibilities curve?
It shifts to the rightIt will have an affect only if the resource increases as well. Technology increases production per unit of input. Any technology involved necessary increases output per unit of input.
How does temperature affect production?
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Are the varoius factors of production affect by globel competition?
Are the varoius factors of production affect by globel compitition
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How did the implementation of the paperwork reduction act affect presidential control of the executive bureaucracy?
The implementation of the Paperwork Reduction Act affect the presidential control of the executive bureaucracy because of it's process. The Paperwork Reduction Act assessed the impact on government bureaucracy for the businesses and citizens. Every thing was recorded.
Does light affect milk production?
no
How will technological advances affected the production possibilities curve?
Let's briefly explore each one of these and see how they shift the curve. Probably what you hear about most in economics is how changes in technology affect the curve. For example, let's say the country discovers a new technology, such as a new computer system that improves productivity. Anything that improves the productivity of workers is good. This causes output to increase, so the production possibilities curve shifts outward, or to the right. On the other hand, let's say a major war causes destruction of capital equipment in the country. This would cause output to decrease, so in this case, the production possibilities curve shifts inward, or to the left.
What factors that affect the E cell?
-standard reduction -concentration of species -nature of electrodes
What are two product changes that affect demand?
. Do changing demands affect production?
