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How would the quality of education increase affect the location of a country's production possibilities curve?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
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What type of growth is exemplified when a countrys production possibilities increase because the available workers become more skilled at using a computer?
your fak lol .l.
What is the concept of the production possibilities?
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 nation can increase its production possibilities by?
A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
An increase in technology will cause the production possibilities curve to?
shift outward
A country that must reduce current consumption to increase future consumption possibilities?
must be producing along the production possibilities curve.
What could cause a production possibilities frontier to shift to the right?
an increase in demand for the good. Such as a successful marketing campaign for the good.
A production possibilities frontier with a bowed outward shape indicates?
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.
How can a society increase its potential output?
a society can increase its potential as follow 1 increase in productivity 2 increase in investment 3 inprove on man-power development
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.
Explain the effect an increase in the retirement age would have on a country's ppf curve?
An inrease in the retirement age would effectively increase a country's labor supply, shifting the production possibilities curve right.
What type of growth exemplified when a country's production possibilities increase because the available workers become more skilled at using a computer?
your fak lol .l.
What type of growth is exemplified when a country's production possibilities increase because the available workers become more skilled at using a computer?
your fak lol .l.
