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When output increases the PPC of the economy indicating in the economy.?
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Can massive unemployment shift the production possibility curve inward?
Massive unemployment will shift the PPC to the left because labour force remains underutilized. The economy will produce inside the PPC indicating underutilization of resources.
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
How production possibility curve helps in solving central problems of an economy?
How does ppc help in solving basic economic problems
Assume that a change in government policy results in greater production of both consumer goods and investment goods?
this economy's ppc is convex to the origin
What happens to supply when technology improves?
when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
Can massive unemployment shift the production possibility curve inward?
Massive unemployment will shift the PPC to the left because labour force remains underutilized. The economy will produce inside the PPC indicating underutilization of resources.
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
How production possibility curve helps in solving central problems of an economy?
How does ppc help in solving basic economic problems
Assume that a change in government policy results in greater production of both consumer goods and investment goods?
this economy's ppc is convex to the origin
What happens to supply when technology improves?
when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
What causes a production possiblity curve to shift?
A PPC is based on the assumptions that technology used remains constant, and the quantity of resources remain constant also. So the things that cause shifts in the PPC itself are: * Technological change (i.e. A new invention makes production more efficient which increases output). * Specialisation - where individuals are placed into positions where they are best suited to the task or have knowledge of the task. It could even be firms specialising in what they do best and concentrating their resources on one particular good or service.
What is the Specific gravity of ppc?
Specific gravity of ppc is 3.15
When was PPC worldwide created?
PPC worldwide was created in 1942.
When was Ppc Racing created?
Ppc Racing was created in 1993.
When was PPC Journal created?
PPC Journal was created in 1974.
When did Ppc Racing end?
Ppc Racing ended in 2007.
Where can I find more information on ppc?
You can find more information on ppc at: http://www.wordstream.com/free-ppc-tools-information
