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a production possibility frontier might shift inwards because the labour force shrinks,the supply of raw materials is depletes or a natural disaster decreases the stock of physical capital.
a production possibility frontier might move outwards 1 increase the supply of resources.migration increases the labour supply and he discovery of new oil reserves increase the supply of natural resources. 2 improve the technology. the discovery of more efficient means of production will shift the production possibility frontier outwards. 3 select an allocation of goods that has capital accumulation.some consumption must be given up today so that more capital goods can be produced
What else can I help you with?
What are the Factors that can shift a production possibility curve?
Outwards Discovery of natural resources Technological innovation increase in the labour (fall in natural rate of unemployment) improvement in productivity and efficiency Inwards Brain drain a fall in the labour force depletion of the supply of the raw materials depletion of the capital stock due to a natural disaster etc
What causes a PPC to shift?
Factors that effects PPC shift is:economic growth or disasterincrease or decrease of resourcestechnological changesEconomic growth:sources of economic growth is accumulation of capital and tehnological advances.PPC will shift outwards to the right.Disaster:a shift inwards and to the left.Increase in resources:PPC shift to the rightDecrease in resources @ loss:PPC shift to the left.Improvement in technology :New innovations or improved techniques.PPC shift outwards.
What will cause the curve to shift inwards?
A curve can shift inwards due to a decrease in demand or supply. For demand curves, this may result from factors like a decrease in consumer income, a drop in consumer preferences, or an increase in the price of substitutes. For supply curves, factors such as increased production costs, supply chain disruptions, or regulatory changes can lead to a leftward shift. Essentially, any event that reduces quantity demanded or supplied at given prices will cause the curve to shift inwards.
What happens when interest rates increase?
well, it does two things to inflation. Firstly it increases the costs of production of firms therefore shifting Aggregate supply inwards (thereby increasing cost push inflation). It also shifts aggregate demand inwards because firms and households are less likely to want to borrow money in the case for consumption and investment because it increases their costs (this particularly affects the housing market and other big ticket items). This reduces the effects of demand pull inflation. So it shifts aggregate supply and aggregate demand inwards. When AS shifts inwards inflation increases. When AD shifts inwards inflation decreases. So the government would have to decide what the best policy is to do. Generally the shift inwards in AD will have a bigger effect on inflation (especially because the decrease in consumption which accounts for 60% of AD will hit consumers more - in mortgages) and also the effect will be maximised if the part of the AS curve is inelastic meaning an almost vertical drop in the general price level.
Extension in demand?
Google SearchWhat's New in A Level EconomicsPositive consumption externalitiesPositive Production externalitiesNegative Consumption externalitiesNegative Production ExternalitiesExternalitiesChanges in demand | extension, contraction, fall , riseMovement along the demand CurveExtension of demandExtension of demand is the increase in demand due to the fall in price, all other factors remaining constant. Contraction of demandContraction of demand is the fall in demand due to the rise in price, all other factors remaining constant. Shift in the demand curveUsually demand curves are drawn based on the assumption except for price all other factors remain the same. But there might be instances when demand may be affected by factors other than price. This will result in the change in demand although the price will remain the same. This change in demand may cause the demand curve to SHIFT inwards or outwards.Shift of demand curve OUTWARDS shows an increase in demand at the same price level. It is known as INCREASE IN DEMAND.Shift of demand curve INWARDS shows that less is demanded at the same price level. It is known as a FALL IN DEMAND.
What is it called when a mirror bends inwards or outwards?
Convex when it bends outwards, concave when it bends inwards
Do French doors open outwards or inwards?
French doors can open both outwards and inwards, depending on the design and installation of the door.
Door sweep are installed on inside or outside of the door?
Depends if the door opens outwards or inwards. (Inwards go on inside, outwards on outside).
What rhymes with outwards?
Downwards of course and also inwards.
Do you debit or credit carriage inwards in trial balance?
both carriage inwards and carriage outwards or debited in the trial balance
What is another word for in and out?
Inwards and outwards is the only thing I can think of. Or inside and outside.
Is concave a shape?
Concave is not a shape, it is the term for when two lines meet facing inwards, rather than outwards (outwards is known as convex)
What does human lungs do?
Basically, the lungs exchange inwards of oxygen for outwards of waste gases.
Do you know why some windows open inwards instead of outwards?
Windows that open inwards instead of outwards are designed this way for safety reasons. Inward-opening windows are harder for intruders to access from the outside, providing better security for the home or building.
What are the Factors that can shift a production possibility curve?
Outwards Discovery of natural resources Technological innovation increase in the labour (fall in natural rate of unemployment) improvement in productivity and efficiency Inwards Brain drain a fall in the labour force depletion of the supply of the raw materials depletion of the capital stock due to a natural disaster etc
Does the word 'convex' mean curved outwards or curved inwards?
The word 'convex' refers to a shape that is curved outwards. In geometric terms, a convex shape bulges outward, resembling the exterior of a sphere or a dome. This is in contrast to 'concave,' which describes a shape that curves inwards.
What finger do you put the claddagh ring to say that your not taken?
On the right ring finger with the heart facing outwards. When the heart faces inwards on the right hand it indicates you are in a relationship. Left ring finger with heart facing outwards indicates engagement and facing inwards indicates marriage.
