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A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
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∙ 9y ago
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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.
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
An increase in technology will cause the production possibilities curve to?
shift outward
Specialization and international trade will?
Result in a rightward shift in a nation's production possibilities curve.
A country that must reduce current consumption to increase future consumption possibilities?
must be producing along the production possibilities curve.
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.
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
An increase in technology will cause the production possibilities curve to?
shift outward
Specialization and international trade will?
Result in a rightward shift in a nation's production possibilities curve.
Why is A nation's production possibilities curve is bowed out from the origin?
When there are diminishing marginal returns to factors of production, the PPF is "bowed out" from the origin.
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 to move down and to the left?
A nation loses land after being defeated in a war.
What could cause a production possibilities to curve to the left and down?
A nation loses land after being defeated in a war.
Where would a point of underutilization appear on a product possibilities graph?
below or to the left of the production possibilities frontier
Which European nation in the 1950s had a 250 percent increase in industrial production?
gernany
What could cause a production possibilities curve to move down and to the left?
A nation loses land after being defeated in a war.
What could cause a production possibilities curves to move down and to the left?
A nation loses land after being defeated in a war.
