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What effect does it make if resources increase in Production Possibilty Frontier?
The effect of increased resources in a production possibility frontier, or PPF, is an imbalance in the graph. Since a PPF is created based on set production factors, the results of the graph would be skewed with an increase in resources unless other production factors were increased accordingly.
What is one economic effect of environmental protections laws?
Higher prices for consumers--APEX Natural Resources necessary for production are safeguarded.
What is the country of origin effect on consumer behavior?
The Country of Origin effect is a psychological factor that impacts consumers when they see where a product is made. Studies have shown consumers will take all of the factors they know about a place, such as their political leanings, to reach a decision about a product which has absolutely nothing to do with the politics of that country.
how does acid precipitation effect the economy?
acid rain helps companies lower their production cost, which then allows them to increase their profits and expand their production at the expense of others since it could poison their water supplies, which can ultimately lead local economies to collapse
What is a positive effect of high tariffs?
Higher profits
What is a negative effect of government regulation?
they cut into company profits, they stifle competition, they cause higher prices for consumers.
What is consider a negative effect of governments regulation?
they cut into company profits, they stifle competition, they cause higher prices for consumers.
What effect does it make if resources increase in Production Possibilty Frontier?
The effect of increased resources in a production possibility frontier, or PPF, is an imbalance in the graph. Since a PPF is created based on set production factors, the results of the graph would be skewed with an increase in resources unless other production factors were increased accordingly.
What is one economic effect of environmental-protection laws?
Higher prices for consumers--APEX Natural resources necessary for production are safeguarded.
What is one economic effect of environmental protections laws?
Higher prices for consumers--APEX Natural Resources necessary for production are safeguarded.
What was a positive effect of tariff?
Higher profits
Effect of a monopolist's price increase?
If a monopolist raises his prices above marginal cost, he will increase his profits. This seems like a good thing for the monopolist. However, the down side is that it reduces the well-being of consumers. Most times, the harm to consumers is greater than the gain of the monopolist.
What is the country of origin effect on consumer behavior?
The Country of Origin effect is a psychological factor that impacts consumers when they see where a product is made. Studies have shown consumers will take all of the factors they know about a place, such as their political leanings, to reach a decision about a product which has absolutely nothing to do with the politics of that country.
how does acid precipitation effect the economy?
acid rain helps companies lower their production cost, which then allows them to increase their profits and expand their production at the expense of others since it could poison their water supplies, which can ultimately lead local economies to collapse
What effect did tobacco have on the American Indian?
money and profits
What is a positive effect of high tariffs?
Higher profits
What was a positive effect on high teriffs?
higher profits
