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Increases in resources or improvements in technology will cause the production possibilities frontier to?
shift outward
What does it mean when the frontier shifts outward?
When the frontier shifts outward, it indicates an expansion of an economy's production capabilities, often represented by the production possibilities frontier (PPF). This shift can result from factors such as technological advancements, increases in resources, or improvements in efficiency. As a result, the economy can produce more goods and services than before, leading to potential growth and increased overall welfare.
Which will not shift a country 's production possibilities frontier outward?
A country's production possibilities frontier (PPF) will not shift outward due to a decrease in available resources or a decline in technology. For instance, if there is a natural disaster that destroys infrastructure or resources, the PPF would contract rather than expand. Additionally, policies that discourage investment or innovation can also prevent outward shifts of the PPF.
When economic growth takes place what shifts outward to show more production?
When economic growth occurs, the Production Possibilities Frontier (PPF) shifts outward. This shift indicates an increase in the economy's capacity to produce goods and services, reflecting improved factors such as productivity, technology, or resource availability. Consequently, the economy can achieve higher output levels than before, demonstrating enhanced efficiency and potential for production.
An increase in technology will cause the production possibilities curve to?
shift outward
Increases in resources or improvements in technology will cause the production possibilities frontier to?
shift outward
What does it mean when the frontier shifts outward?
When the frontier shifts outward, it indicates an expansion of an economy's production capabilities, often represented by the production possibilities frontier (PPF). This shift can result from factors such as technological advancements, increases in resources, or improvements in efficiency. As a result, the economy can produce more goods and services than before, leading to potential growth and increased overall welfare.
An increase in technology will cause the production possibilities curve to?
shift outward
Do intersection of points inside the frontier (line) shows that an economy is growing?
The intersection of points inside the frontier, such as a production possibilities frontier (PPF), typically indicates underutilization of resources rather than economic growth. Economic growth is represented by a shift of the frontier outward, reflecting an increase in the economy's capacity to produce goods and services. Points within the frontier suggest inefficiencies in production, while movement towards or along the frontier can signify improvements in resource allocation or technology. Thus, while these points don't indicate growth, they highlight potential for improvement.
Is the outward curve of the production possibilities curve good or bad?
it really good
What is an outward shift of the production possibilities curve represents?
An outward shift of the production possibilities curve (PPC) represents an increase in an economy's capacity to produce goods and services. This shift can occur due to factors such as technological advancements, an increase in resources, or improvements in workforce skills. Essentially, it indicates that the economy can produce more of one or both goods without sacrificing production of the other, reflecting enhanced efficiency or growth.
What is it that causes a production possibilities curve to shift outward or inward?
Improvement of management efficiency.
Increases in resources or improvements in technology will tend to cause a society's production-possibilities curve to?
shift outward
Why will the ppc shift outward?
The production possibilities curve (PPC) shifts outward due to economic growth, which can result from factors such as increased resources, technological advancements, or improvements in productivity. When an economy acquires more capital, labor, or enhances efficiency, it can produce more goods and services. This outward shift indicates that the economy can achieve a higher level of output than before, reflecting an expansion of production capabilities.
How does technology increase production possibilities?
Technology increases production possibilities by enhancing efficiency and productivity in manufacturing processes, allowing for more output with the same input. Innovations can streamline operations, reduce waste, and improve quality, which leads to better resource utilization. Additionally, advancements in technology can create new products and markets, further expanding the overall capacity of an economy to produce goods and services. As a result, the production possibilities frontier shifts outward, indicating a greater potential for economic growth.
What is Production possibilities frontier in the economy shifts outward does it follow that per-captia output will rise?
The production possibilities frontier (PPF) is a curve that shows how much output of good X a country can produce at the expense of the production of good Y. A country that has a comparitave advantage over good X should produce more of it at the expense of a reduction in production of good Y. (Going to add more to this question later... Mobeen Iqbal, Bahrain) 1. Yes, If the PPF shifts outward, it means there is more output 2. No, because when the PPF shifts outward, and there is greater output, the population always rises by a greater percentage thant the rise of the output. 3. Not necessarily, First, it depends on whether or not htte capacity to produce mroe output is realized. Then, it depends on the percentage rise in output relative to percentage rise in the population. 4. Not nessarily, First, it depends on whether or not the capacity to produce more output is realized. Then, it depends on the percentage rise in output relative to ther percentage rise in income I am not sure which it is?
Economic growth is a measure of the increase in?
An outward shift of the production possibilities curve
