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True or false Government steps in to allocate resources efficiently so that the country is operating on its production possibilities curve instead of under it?
hahahhaahhahahah
An economy at its production possibilities frontier is operating?
At full potential.
Under what conditions is the production possibilities frontier linear?
under what conditions an econoy would be operating inside its production possibility frontier?
What happens when a society operates on its production possibility curve?
Operating efficiently, it is producing the highest possible amounts of goods that it can produce.
In context to the production possibilities curve what is the largest reason for unemployment?
Operating at an inefficient point, i.e. inside the PPF and not on the edge or line of the PPF
True or false Government steps in to allocate resources efficiently so that the country is operating on its production possibilities curve instead of under it?
hahahhaahhahahah
An economy at its production possibilities frontier is operating?
At full potential.
When a country is producing at the production possibilities frontier it can be said that the country is operating?
It is operating at full potential.
Under what conditions is the production possibilities frontier linear?
under what conditions an econoy would be operating inside its production possibility frontier?
What happens when a society operates on its production possibility curve?
Operating efficiently, it is producing the highest possible amounts of goods that it can produce.
In context to the production possibilities curve what is the largest reason for unemployment?
Operating at an inefficient point, i.e. inside the PPF and not on the edge or line of the PPF
What is represented by a point inside the curve on a production possibilities curve graph?
A point inside the curve on a production possibilities curve (PPC) represents an inefficient use of resources, where the economy is not operating at its full potential. This indicates that more of one or both goods could be produced without sacrificing the production of another good. It suggests underutilization of labor, capital, or technology. In contrast, points on the curve represent efficient production levels.
What type of motor is best suited for operating blinds efficiently and smoothly?
A low-voltage DC motor is best suited for operating blinds efficiently and smoothly.
What was the Production Budget for Standard Operating Procedure?
The Production Budget for Standard Operating Procedure was $5,000,000.
What goal does the government pursue in a socialist economic system?
Socialism has no government and no economy: production for use, no wages or prices, just people co-operating for the common good.
What is a production determined by individuals and private groups?
A production determined by individuals and private groups is referred to as a market economy. In this system, decisions about production, consumption, and investment are guided by individuals and businesses operating in a competitive market environment rather than by government intervention.
Why the haber process in a ccontinuous production?
The Haber process is used in continuous production because it involves a chemical reaction that needs to occur continuously over time to produce ammonia efficiently. By operating the process continuously, it allows for a steady flow of reactants into the system and the removal of products, resulting in a consistent production rate. This ensures a more cost-effective and productive operation compared to batch production methods.
