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A production possibilities frontier can shift inward if there is technological progresstrue or false?
true
What is it that causes a production possibilities curve to shift outward or inward?
Improvement of management efficiency.
If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
What happens to production possibilities what resources are scarce?
When resources are scarce, the production possibilities frontier (PPF) shifts inward, indicating a decrease in the economy's capacity to produce goods and services. This scarcity forces producers to make choices about allocating limited resources, often leading to trade-offs where the production of one good must be reduced to increase the production of another. As a result, the economy may experience inefficiencies and constraints on growth, highlighting the importance of resource management and optimization.
How will technological advances affected the production possibilities curve?
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.
A production possibilities frontier can shift inward if there is technological progresstrue or false?
true
What is it that causes a production possibilities curve to shift outward or inward?
Improvement of management efficiency.
If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
What If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
Why does water move inward in the root?
they help in production
How will technological advances affected the production possibilities curve?
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 is the difference between carriage inwards and carriage outwards?
Carriage Inward Including when Raw Material Import/Purchase from other side to Factory or Production house on that time use Carriage inward ( Use Trading A/c) Carriage Outward when
What factors that would shift the production possibility curve inward or outward?
An outward shift would result when there is an improvement in technology that would benefit both types of goods. An increase in the workforce which would result in mor factor resources being exploited. An improvment in productivity and effeciency in goods production. An inward shift would result when there is unemployed resources or when the economy uses resources inefficiently
Where can you get cheap inward forks?
wat does inward mean?!
What is Direct Inward Dialing (DID)?
Direct inward dialing is known as DID
When was Drawn Inward created?
Drawn Inward was created in 1999.
What is direct inward dialing shortened to?
Direct inward dialing is known as DID
