A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
Production possibilities is the extent of production in businesses. Production possibilities can change if resources increase within a business. Increasing labor can also change production possibilities.
a society can increase its potential as follow 1 increase in productivity 2 increase in investment 3 inprove on man-power development
shift outward
Result in a rightward shift in a nation's production possibilities curve.
must be producing along the production possibilities curve.
Production possibilities is the extent of production in businesses. Production possibilities can change if resources increase within a business. Increasing labor can also change production possibilities.
a society can increase its potential as follow 1 increase in productivity 2 increase in investment 3 inprove on man-power development
shift outward
Result in a rightward shift in a nation's production possibilities curve.
When there are diminishing marginal returns to factors of production, the PPF is "bowed out" from the origin.
must be producing along the production possibilities curve.
A nation loses land after being defeated in a war.
A nation loses land after being defeated in a war.
below or to the left of the production possibilities frontier
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A nation loses land after being defeated in a war.
A nation loses land after being defeated in a war.