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The production possibility curve (PPC) shifts to the right primarily due to an increase in resources, technological advancements, or improvements in productivity. This shift indicates that an economy can produce more goods and services than before, reflecting growth. Factors such as investment in human capital, discovery of new resources, and innovation contribute to this expansion of production capacity. Overall, a rightward shift signifies enhanced economic potential and efficiency.
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What causes a PPC to shift?
Factors that effects PPC shift is:economic growth or disasterincrease or decrease of resourcestechnological changesEconomic growth:sources of economic growth is accumulation of capital and tehnological advances.PPC will shift outwards to the right.Disaster:a shift inwards and to the left.Increase in resources:PPC shift to the rightDecrease in resources @ loss:PPC shift to the left.Improvement in technology :New innovations or improved techniques.PPC shift outwards.
Can massive unemployment shift the production possibility curve inward?
Massive unemployment will shift the PPC to the left because labour force remains underutilized. The economy will produce inside the PPC indicating underutilization of resources.
How does PPC graph of unemployment looks like?
There is no shift in the PPC.Only a dot is marked within the curve(Not on the curve) in the exact center of the two axes.The shape of the PPC is concave to the origin.
Which PPC is right for a preteenager?
There are many versions of the PPC that is right for a preteenager, the best being the HP version. It is highly popular with everyone and is a very durable brand.
What is right shift and left shift?
left and right pinky
When do you use the right shift key?
Use the right shift when typing in the left and use the left shift when typing on the right
Will economic growth necessarily involve a parallel outward shift of the production possibility curve?
Any time the PPC curve shifts outward it indicates economic growth, however reaching a point outside of an PPC can be reached by using trade.
What happens to supply when technology improves?
when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
What is the gear order of an iron head right shift?
they are not right shift
What is right shift in economics?
A right shift in economics means that there is an increase in demand.
What is a right shift in economics?
The right shift in economics means that there is an increase in income.
What is PPC reseller?
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