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It depends on available resources and technology

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Joanne Skiles

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3y ago

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What does a countries production possibilities curves depend on?

It depends on available resources and technology


A country's production possibilities will grow if it?

increases its resources.


A point that lies outside a country's production possibilities curve mean what?

A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.


Effect of net migration on a country's production possibilities frontier?

explain the effect of net migration on a country's production possibilites frontier


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.


Country's consumption possibilities frontier can be outside its production possibilities frontier if?

penis, it's wats good for you. fo'sho man.


How will a country's production possibilities grow if it invests in technological advancements and infrastructure development?

Investing in technological advancements and infrastructure development can lead to increased efficiency and productivity in a country's economy. This can result in the expansion of a country's production possibilities by enabling the production of more goods and services with the same amount of resources.


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 country that must reduce current consumption to increase future consumption possibilities?

must be producing along the production possibilities curve.


What does a country's production depend on?

It depends on available resources and technology


Where would a point of underutilization appear on a product possibilities graph?

below or to the left of the production possibilities frontier


What factors might cause a country to produce at a level below the production possibilities frontier?

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