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.
Asked in Business & Finance, Economics
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. ...
Asked in Unemployment
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. ...
Asked in Technology
What effects does increased technology have on the production possibilities curve?
It shifts to the right It 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. ...
Asked in Salary and Pay Rates
What are factors that affect levels of wages?
The production possibilities frontier. Several factors influence the salary which a person receives. These include experience, or length of service, educational and professional qualifications, performance, location and working conditions. ...
Asked in Politics and Government
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. ...
Asked in Economics
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...
Asked in Chickens and Roosters
Does the phase of the moon affect chicken egg production?
The phase of the moon affects ocean tides and barometric pressure. It is logical that it would affect egg production. ...
Asked in Health, Conditions and Diseases
How can stress reduction affect cluster headaches?
Since some cluster headaches are triggered by stress, stress reduction techniques, such as yoga, meditation, and regular exercise, may be effective. ...