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A production possibilities frontier with a bowed outward shape indicates?
Wiki User
∙ 9y ago
A production possibilities frontier with a bowed outward shape indicates an increase in opportunity costs as more and more of one good is produced. Some resources are more specialized towards specific tasks.
Wiki User
∙ 9y ago
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Increases in resources or improvements in technology will cause the production possibilities frontier to?
shift outward
An increase in technology will cause the production possibilities curve to?
shift outward
Is the outward curve of the production possibilities curve good or bad?
it really good
What is it that causes a production possibilities curve to shift outward or inward?
Improvement of management efficiency.
What is Production possibilities frontier in the economy shifts outward does it follow that per-captia output will rise?
The production possibilities frontier (PPF) is a curve that shows how much output of good X a country can produce at the expense of the production of good Y. A country that has a comparitave advantage over good X should produce more of it at the expense of a reduction in production of good Y. (Going to add more to this question later... Mobeen Iqbal, Bahrain) 1. Yes, If the PPF shifts outward, it means there is more output 2. No, because when the PPF shifts outward, and there is greater output, the population always rises by a greater percentage thant the rise of the output. 3. Not necessarily, First, it depends on whether or not htte capacity to produce mroe output is realized. Then, it depends on the percentage rise in output relative to percentage rise in the population. 4. Not nessarily, First, it depends on whether or not the capacity to produce more output is realized. Then, it depends on the percentage rise in output relative to ther percentage rise in income I am not sure which it is?
Increases in resources or improvements in technology will cause the production possibilities frontier to?
shift outward
An increase in technology will cause the production possibilities curve to?
shift outward
Is the outward curve of the production possibilities curve good or bad?
it really good
What is it that causes a production possibilities curve to shift outward or inward?
Improvement of management efficiency.
Increases in resources or improvements in technology will tend to cause a society's production-possibilities curve to?
shift outward
What is Production possibilities frontier in the economy shifts outward does it follow that per-captia output will rise?
The production possibilities frontier (PPF) is a curve that shows how much output of good X a country can produce at the expense of the production of good Y. A country that has a comparitave advantage over good X should produce more of it at the expense of a reduction in production of good Y. (Going to add more to this question later... Mobeen Iqbal, Bahrain) 1. Yes, If the PPF shifts outward, it means there is more output 2. No, because when the PPF shifts outward, and there is greater output, the population always rises by a greater percentage thant the rise of the output. 3. Not necessarily, First, it depends on whether or not htte capacity to produce mroe output is realized. Then, it depends on the percentage rise in output relative to percentage rise in the population. 4. Not nessarily, First, it depends on whether or not the capacity to produce more output is realized. Then, it depends on the percentage rise in output relative to ther percentage rise in income I am not sure which it is?
Economic growth is a measure of the increase in?
An outward shift of the production possibilities curve
Will economic growth necessarily involve a parallel outward shift of the production possibility curve?
Any time the PPC curve shifts outward it indicates economic growth, however reaching a point outside of an PPC can be reached by using trade.
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 do education program make the economy more productive?
Education programs add to the nation's human capital and labor productivity. Improved education and technology can make an entire economy more productive by shifting the production possibilities frontier outward. Federal, state, and local government all provide educational opportunities to the poor. The Federal government funds programs from preschool to college. State and local programs aid students with learning disabilities. By adding to the human capital and labor productivity.
Shifting of ppc?
The biggest reasons for a shift in the Production Possibilities Curve is new technology. Basically, if things can be done more efficiently (that is, with less resources than before), the curve shifts outward. Another way is by finding more of the resources used in the curve.
Where is opportunity cost on a production possibility frontier?
The opportunity cost would be the slope of the PPF. So the opportunity cost of the good on the x axis is in terms of the good on the y axis. This is why we would say a PPF demonstrates increasing marginal opportunity cost when it is curved outward
