0
What is it that causes a production possibilities curve to shift outward or inward?
Wiki User
∙ 11y ago
Improvement of management efficiency.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
A production possibilities frontier can shift inward if there is technological progresstrue or false?
true
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.
If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
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
What is wages inward and outward?
wage inward is a direct expense shown in Trading Account whereas wage outward is an indirect nature of expense debited to Profit & loss account.
A production possibilities frontier can shift inward if there is technological progresstrue or false?
true
Does centrifuge fling things outward or inward?
Outward
Does low pressure move inward or outward?
Inward!
Do low pressure systems move inward or outward?
inward
Difference between concave and convex in the dark?
concave is inward, convex is outward concave is inward, convex is outward
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.
Do yaw bearings theeth point outward or inward?
Outward
In northern hemisphere winds blow inward or outward?
outward
What If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
Do classroom doors typically swing inward or outward?
outward i think.....
What is an inward invoice and an outward invoice?
An "inward" is one you receive that you need to pay. An "outward" is one you prepare and send to someone to pay you.
