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An increase in technology will cause the production possibilities curve to?
shift outward
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.
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.
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.
A country that must reduce current consumption to increase future consumption possibilities?
must be producing along the production possibilities curve.
An increase in technology will cause the production possibilities curve to?
shift outward
How does technology affect production possibilities?
Technology increases production per unit of input (either labor or capital). Any increase in technology necessarily increases output per unit of input.
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.
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.
A country's production possibilities increase because the available workers become more skilled at using computers. this is an example of growth caused by?
technology -grad point
What type of growth is exemplified when a countrys production possibilities increase because the available workers become more skilled at using a computer?
your fak lol .l.
A country that must reduce current consumption to increase future consumption possibilities?
must be producing along the production possibilities curve.
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 could cause a production possibilities frontier to shift to the right?
an increase in demand for the good. Such as a successful marketing campaign for the good.
What type of information technology would increase production?
shopping store hand bag
How does technology affect production?
Technology increases production per unit of input (either labor or capital). Any increase in technology necessarily increases output per unit of input.
A production possibilities frontier with a bowed outward shape indicates?
A production possibilities frontier with a bowed outward shape indicates an increase in opportunity costs as more and more of one good is produced. Some resources are more specialized towards specific tasks.
