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What could cause a production possibilities curve to move to the left?
Wiki User
∙ 9y ago
There are several things that would do this, the most common being an increase in the price of constituent imports. Therefore, the price of the output would rise (shift to the left) at each constituent point.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoefficient utilization of recources
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An increase in technology will cause the production possibilities curve to?
shift outward
What could cause a production possibilities curve to move down and to the left?
A nation loses land after being defeated in a war.
If the law of increasing opportunity costs is reflected in a production possibilities curve which is?
production possibilities curve convex to the origin. Elson Mendoza was here.
How does production possibilities curve differ from production possibilities frontier?
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
Is the outward curve of the production possibilities curve good or bad?
it really good
What could cause a production possibilities to curve to the left and down?
A nation loses land after being defeated in a war.
An increase in technology will cause the production possibilities curve to?
shift outward
What could cause a production possibilities curve to move down and to the left?
A nation loses land after being defeated in a war.
If the law of increasing opportunity costs is reflected in a production possibilities curve which is?
production possibilities curve convex to the origin. Elson Mendoza was here.
Increases in resources or improvements in technology will tend to cause a society's production-possibilities curve to?
shift outward
Is the United States on the production possibilities curve?
no
How does production possibilities curve differ from production possibilities frontier?
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
Is the outward curve of the production possibilities curve good or bad?
it really good
Is the production possibilities curve convex to the origin?
yes
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
How does a production possibilities curve illustrate how efficient an economy is?
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
A point that lies outside a country's production possibilities curve mean what?
A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.
