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In context to the production possibilities curve what is the largest reason for unemployment?
Operating at an inefficient point, i.e. inside the PPF and not on the edge or line of the PPF
What do you call an economy working at its most efficient production level?
PPF- product possibility frontier.
Why is PPF negatively sloped?
why PPF in economics is negatively sloped
When was PPF - company - created?
PPF - company - was created in 1991.
Balance of ppf account?
When you open your PPF Account you will get a pass-book which will be updated everytime you make a transaction. These days, when you open a PPF account, the balance is available online. Check with the bank that helped you open the PPF Account. They will help you with it
What is the difference straight ppf and concave ppf?
If the opportunity cost is constant, the PPF is a straight line; when the opp. cost of a good rises when it is produced more, then concave.
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.
What causes ppf to be a straight line?
when the oppotunity cost is a constant the PPF will be a stright line
What does PFF mean in economics?
You must mean PPF? PPF: Production Possibilities Frontier.
Do company require PPF registration?
No. PPF is a voluntary contribution scheme and company's are not required to register.
What is the journal entry for Provident fund in accounts?
Salary a/c Dr. To employee a/c To ppf a/c ppf a/c (employer)Dr ppf a/c (employee)Dr To bank a/c
What are the three coordination tasks of any economy?
Reaching the PPF, Deciding which point on the PPF, How and how much to distribute to consumers
