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Would it be harder for a nation to attain full employment or full production?
Wiki User
∙ 11y ago
yes
Wiki User
∙ 11y ago
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What are the three Sectors of production?
1- two goods are produced depicting choices and trade off for the nation 2- full employment and full production are achieved allowing for maximum utilization of resources. 3- short run is the time frame over which resources can not be improved or increased.
Does unemployment move outside the production possibilities frontier?
The production possibilities frontier is a curve illustrating the various ratios of goods that can be produced by a nation when that nations economy is at maximum productivity, using all resources (including labor). To be at maximum productivity there must be full employment. When there is not full employment (unemployment) the country cannot be on it's PPF, let alone beyond it. The nations economy is represented by a point within, or under, the curve.
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.
Under what conditions does a nation have an absolute advantage in the production of a product?
When a nation can use fewer resources to produce the same amount of a product, it has an absolute advantage in the production of that product.
What is the role of the bangko sentral ng pilipinas?
1.to promote price stability conducive to a balanced and sustainable growth of the economy. 2. implement a monetary policy that provides stable growth and employment. 3. manage the production and distribution of the nation's currency.
What was the Production Budget for The Birth of a Nation?
The Production Budget for The Birth of a Nation was $110,000.
What does Virginia raise?
Some of the crops raised in Virginia include tobacco, apples, grapes, peaches and nectarines, peanuts, tomatoes, and sweetpotatoes. In 2000, Virginia ranked 6th in the nation for apple production, 13th in the nation in grape production, 17th in the nation in peach and nectarine production, 9th in the nation in peanut production, 8th in the nation in sweetpotato production, and 3rd in the nation in tomato production.
Is this sentence a fragment Leading the nation in the production of automobiles?
Yes, it is. There is not a subject. What is leading the nation in the production or automobiles? hope this helps
What are the three Sectors of production?
1- two goods are produced depicting choices and trade off for the nation 2- full employment and full production are achieved allowing for maximum utilization of resources. 3- short run is the time frame over which resources can not be improved or increased.
What did Minnesota leads the nation in production of?
taconite
The only time a nation is close to full employment is during?
war
Does unemployment move outside the production possibilities frontier?
The production possibilities frontier is a curve illustrating the various ratios of goods that can be produced by a nation when that nations economy is at maximum productivity, using all resources (including labor). To be at maximum productivity there must be full employment. When there is not full employment (unemployment) the country cannot be on it's PPF, let alone beyond it. The nations economy is represented by a point within, or under, the curve.
How far has Ghana as a nation been able to attain your common goals set by your founding fathers?
about 40 years
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.
What state leads the nation's coal production?
Wyoming
Did Florida ever lead the nation in cattle production?
No.
Under what conditions does a nation have an absolute advantage in the production of a product?
When a nation can use fewer resources to produce the same amount of a product, it has an absolute advantage in the production of that product.
