Which of the following will not produce an outward shift of the production possibilities curve? A an upgrading of the quality of a nation's human resources. B the reduction of unemployment. C an increase in the quantity of a society's labor force. D the improvement of a society's technological knowledge. Answer Save. 1 Answer.Plug power meter
Which of the following will not produce an outward shift of the production possibilities curve? A an upgrading of the quality of a nation's human resources. B the reduction of unemployment. C an increase in the quantity of a society's labor force. D the improvement of a society's technological knowledge. Answer Save. 1 Answer.
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An increase in the capital stock and advance in technology will both cause production possibilities increase and make the production potentials curve shift outward. When the number of labor force increases, economy possibilities to produce goods and services will increase too therefore the production potentials curve shift outward.
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Interpreting graphs of the production possibilities curve (PPC) Our mission is to provide a free, world-class education to anyone, anywhere. Khan Academy is a 501(c)(3) nonprofit organization.
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44) Technological progress tends to make the production possibility frontier A) shift inward toward the origin. B) become more linear and less bowed. C) shift outward from the origin. D) become less linear and more bowed. 44) 45) Production points inside the PPF are A) efficient but not attainable.
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Which of the following will not produce an outward shift of the production possibilities curve? A. an upgrading of the quality of a nation's human resources B. the reduction of unemployment C. an increase in the quantity of a society's labor force D. the improvement of a society's technological knowledge
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Jan 09, 2018 · Increase in resources, such as increased adult population, increased immigration, improved work ethics, increased spending on training and educating workers, increase motivation of workers, increased retirement age, deceased school leaving age, in...
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A. supply curve to shift to the left. B. quantity supplied to increase. C. quantity supplied to decrease. D. supply curve to shift to the right. E. demand curve to shift to the left. 8. If equilibrium exists: A. all individuals must have an equal amount of income. B. the price in that market will not fluctuate by more than 5%.
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Therefore to achieve any point beyond PPC, there is need for increase in the present supply of resources and technology which leads to an outward shift in PPC as overall production increases which results in economic growth.
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If the economy maintains this rate of capital formation, then the production possibility curve will go on shifting and the economy will be growing annually at a certain fixed rate. It should be noted that in Figure 5.6, as a result of low rate of capital formation, production possibility curve shifts outward at a relatively slow speed.
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This would cause the entire demand curve to shift changing the equilibrium price and quantity. Note in the diagram that the shift of the demand curve, by causing a new equilibrium price to emerge, resulted in movement along the supply curve from the point (Q 1, P 1) to the point (Q 2, P 2).
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The production possibilities curve is also called the PPF or the production possibilities frontier. The PPF simply shows the trade-offs in production volume between two choices. All choices along the curve shows production efficiency of both goods. Production points inside the curve show an economy is not producing at its comparative advantage.
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1Nov 06, 2018 · Production possibility frontier (also called production possibility curve) is a plot that shows the maximum outputs that an economy can produce from the available inputs (i.e. factors of production). Factors that shift PPF include technological change, population growth, natural disasters, etc. A shift to the left of the aggregate demand curve, from AD 1 to AD 3, means that at the same price levels the quantity demanded of real GDP has decreased. Changes in aggregate demand are not caused by changes in the price level. Airsoft pistol braceSee full list on corporatefinanceinstitute.com A PPF shifts out when society moves from inefficient to efficient production. 7. The PPF would not be bowed outward if all resources were equally productive in the production of both goods. DEMAND & SUPPLY . 8. A decrease in income shifts the demand curve south west. 9. An increase in demand means a movement down and along a demand curve. 10. High and low tides worksheet answers key