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Let's briefly explore each one of these and see how they shift the curve. Probably what you hear about most in economics is how changes in technology affect the curve.
For example, let's say the country discovers a new technology, such as a new computer system that improves productivity. Anything that improves the productivity of workers is good. This causes output to increase, so the production possibilities curve shifts outward, or to the right. On the other hand, let's say a major war causes destruction of capital equipment in the country. This would cause output to decrease, so in this case, the production possibilities curve shifts inward, or to the left.
What else can I help you with?
Which is a way that interregional connections have affected cultural or economy development?
Christianity and Islam spread far from where they were founded
What factors of production does apple use?
land, enterprise and capital - This 3 is among the basic factors that contribute to production perse - but in case of Apple, they also have a innovative and efficient technology that they use in production factors.
How is communication being affected by globalization?
it is affected by loads of people
Who is not affected by inflation?
Absolutely everybody is affected by inflation. Poor and rich people are affected by inflation although in different degrees.
Why monopoly and oligopoly is affected by industrial regulation?
what organizations are affected by industrial regulation
Vocal production in any given culture could be affected by environmental or technological factors. True False?
Vocal production in any given culture could be affected by environmental or technological factors.
How has technological innovation affected pension fund management?
Developments in computer technology and software continued to deliver significant advances in the actuarial investments fields. Professionals used new mathematical models and statistical techniques
How have advances in technology affected the development and availability of medical interventions?
hey
How have advances in technology affected the way in which Arthritis is diagnosed and treated?
832
How north American of political and military events that affected Europe?
the same way that the early settlers affected the new world. the brought over new ideas and technology with them. they shared technological advances with that of north america and brought a lot of european culture over. The helped with new military machinery and a lot of european military tactics.
How have recent technological innovations affected Asian cultures?
There are many recent technological innovations that affected Asian cultures. For instance services like transport and communication have been made more efficient through such innovations.
How did technology affect the outcome of World War 1?
Speaking generally, technology affected the outcome of World War I in a significant way. Technological advances made it possible for the eventual victors (the western allies) to negate any technological innovation of their opponents (the Central Powers). Further, with the introduction of the first land-based armored fighting vehicles, to which the Central Powers had no technological answer, it contributed to their loss of morale and eventual surrender.
How may the consumers be affected by production of goods?
rft
What best describes advances in agriculture affected the growth of cities?
Enough food was produced to feed growing populations
How has oil production affected Saudi Arabia's standard of living?
Saudi Arabia`s oil Production Has Affected There Living By,Schools, Hospitals,roads,and airports have been built.
Which technological advancement most strongly affected a leader's speech during World War 2?
Radio Apex
The factory system first affected the production of?
Textiles NOT STEEL
