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What is the effect of war on a production possibility frontier?
production possibility frontier shift leftward
Why a production possibility frontier might shift inwards or outwards?
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
How can you reach beyond the production possibility frontier?
With the introduction of new technology and new resources will shift the production possibility frontier.
Explain what shift the product possibility frontier outward and what shift is inward?
economic growth, will shift the PPF outward, because the income will increase.
A production possibilities frontier can shift inward if there is technological progresstrue or false?
true
What is the effect of war on a production possibility frontier?
production possibility frontier shift leftward
Why a production possibility frontier might shift inwards or outwards?
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
How can you reach beyond the production possibility frontier?
With the introduction of new technology and new resources will shift the production possibility frontier.
How would a production possibility frontier would be effected by a reduction in the birth rate?
In the short run it wouldn't. In the long run it may well shift the PPF inwards as the productive capacity of the economy decreases due to less workforce. But you have to look at migration levels into the country as an increase in migration equal to the drop in birth rates would counter the fall.
Explain what shift the product possibility frontier outward and what shift is inward?
economic growth, will shift the PPF outward, because the income will increase.
A production possibilities frontier can shift inward if there is technological progresstrue or false?
true
When does production possibility curve shift to the right?
due to economic growth
Increases in resources or improvements in technology will cause the production possibilities frontier to?
shift outward
Why does the production possibility frontier shift outwards?
A PPF will shift out if we have improvements/increases in resources and/or technology. You would see an unbiased increase (the slop of the PPF stays the same) when R+T increase in the production of both goods. You would see a biased increase (the PPF pivots around one pt) when R+T increases in the production of only one of the goods.
When new technology is introduced the production possibility curve will shift which way?
The right.
How do you illustrate a production possibility frontier?
By using production possibility curve,country is producing both industrial and agricultural product using available resources, technology country operating inside production possibility curve shows the levels underdevelopment, which will be result under utilisation of resources ,poor technology. The country operating outside production possibility curve show the levels of development in economy, however, an economy can produce both industrial and agricultural using the resources available without effecting the production each . A shift from inside to outside it may be result of discovering of new resources, improved technology .
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.
