represented by the points outside the Production possibility frontier
production possibility frontier shift leftward
production possibility curve
production possibility curve production possibility boundary transformation curve.
With the introduction of new technology and new resources will shift the production possibility frontier.
other names for production possibility boundary are: production possibility curve production possibility frontier transformation curve.
other names for production possibility curve are: production possibility boundary production possibility frontier transformation curve.
Production Possibility Frontier.
under what conditions an econoy would be operating inside its production possibility frontier?
as in production possibility curve compares production rates of two commodities, this compares prices of different commodities.
quantities of productive inputs
How would a production possibility frontier would be effected by a reduction in the standard number of hours worked?