Due to the pandemic, as economic activity for most countries decreases, what will be the impact on the PPF? What can be done to counter the effect?

Q: Lithium Batteries Gas Engines 0 100 25 80 40 65 60 40 70 15 80 0 Please draw a PPF curve for the…

A: PPF of two goods Gas engines and batteries.

Q: A switch to online delivery, increases access to education in the nation's colledges and…

A: The PPF (Production possibility frontier) indicates a probable mixture of two commodities produced…

Q: When will be the PPC curve be a straight line?

A: #PPC refers to the production possibility curve which shows the combination of two goods being…

Q: What information additional information (besides what is shown in the PPC) would be needed for the…

A: c. All government consumption, investment, and transfer payments are included in government spending…

Q: Which of the following is most likely to shift the PPC out and to the right? O The discovery of a…

A: PPC refers that Production Possibility Curve which show the production of the two goods by using the…

Q: Consider a straight-line PPF (production possibilities frontier) where lemonade is measured on the…

A: PPF depicts the combination of two goods which a nation can produce by utilizing given resources…

Q: On the PPF above, the economy is currently at point B. How can the economy produce at point E? A. By…

A: Some useful concepts PPF : it shows different combinations of two goods that can be produced by…

Q: What does the shape of the PPF curve drawn suggest about the opportunity cost of producing ONE more…

A: A production possibility curve is a graph that depicts the many combinations of two items that can…

Q: Why does the shape of a PPC for individuals differ from that of the economy as a whole?

A: An economy consists of many people. To put it simply, we observe decreasing returns to scale in…

Q: . On the Production Possibilities Curve (PPC), points located outside the curve are: a. Inefficient…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: A point which lies under the PPF curve represents what kind of combination of goods?

A: #We know that the production possibility curve contains all the bundles or combination of goods…

Q: D. Assume this economy experienced recession due to a pandemic that caused massive unemployment.…

A: Given, Combination G F E D C B A Potato  (in thousand MT) 105 99 90 75…

Q: Which of the following statements about the PPF is not correct? a. Points inside the PPF are…

A: The first statement given as points inside the PPF are unattainable is not correct.

Q: If an economy begins to use its resources more efficiently, it will move farther away from its PPF…

A: PPF curve is the locus of the most efficient allocation of its resources to produce goods as much as…

Q: What two things must change or be improved to move a PPC out?

A: The production possibilities curve or PPC is a diagrammatic representation of the combination of two…

Q: An increase in the nation's capital stock will shit the PPF outward or cause movement along its…

A: When there is an increase in an economy’s productive potential it can be shown through the outward…

Q: What is ppc?

A: PPC stands for production possibility curve.

Q: Acme supply is analyzing a Production Possibilities Curve that compares the production of wrenches(…

A: Change in Y variable (Pliers) divided by change in X variable (Wrenches) is the slope of the PPF…

Q: A technological innovation allows the nation to efficiently convert solar energy into electricity…

A: *According to  company policy we are supposed to answer only 1 question in one session, so will be…

Q: Consider an economy which uses all its resources to produce national security and consumer goods.…

A: Answer: Introduction: PPF (production possibility frontier): It refers to the curve that shows all…

Q: If PPC shifts to the left, it means: (a) Resource are destroyed (b) More unemployment (c) Use of…

A: The tradeoffs being associated with the allocation of resources between the levels of production of…

Q: Why is the Production Possibility Curve (PPC) or Production Possibility Frontier (PPF) concave? What…

A: Meaning of Production Possibility Curve: The term production possibility curve refers to the…

Q: Construct a PPC curve

A: Answer to the question is as follows :

Q: As an economy grows, A) its PPF shifts outward. B) the opportunity cost of production will approach…

A: Answer: If an economy grows it means its production of goods and services has increased. An increase…

Q: Observe given PPC/PPF diagram and answer the question below: PPF Which of the following statements…

A: The economics refer to the study of allocation of scarce resources in the most optimal way when the…

Q: concave production possibility curve (PPC). Explain the factors that can shift PPC.

A: The production possibility curve shows different combinations of two goods that can be produced…

Q: What is the difference between opportunity costs when the shape of the Production Possibility Curve…

A: Production Possibility Curve (PPC) can be defined as, it shows various combination of output that…

Q: For a two-good economy with a PPF, an increase in the amount of resources will result in: a parallel…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: The figure above shows a country's production possibility frontier (PPFA). B A PPFA PPF The…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Give a definition of an advance in technology. Suppose that you are drawing a PPF for civilian goods…

A: Advance in technology can be understood when the same amount of resources is able to more than…

Q: Under What circumstances the PPF would shift outward?

A: In economics, PPF stands for production possibility curve that provide information about the…

Q: What can cause the Production Possibility Frontier (PPF) to contract, that is to say, move the PPF…

A: Production possibility frontier shifts inside or contracts when the potential of production reduces…

Q: The following graph shows the production possibilities curve (PPC) of an economy that produces…

A: PPC shows combinations of two outputs that can be produced with the given level of resources and…

Q: Meanwhile, in the country of Portugal, wool and wine can also be produced according to a linear PPF.…

A: Given: Portugal produces wool and wine.  When all the resources are incorporated in the production…

Q: The PPF curve shows a curved negative relationship between two goods this means that an increase in…

A: A production possibility frontier (PPF) shows the combination of two goods that a nation can produce…

Q: ) Why is the PPF curve bowed outward. Is it due to increasing opportunity cost or decreasing…

A: The PPF curve shows the combination of 2 goods that can be produced by employing resources in the…

Q: State whether each entry below is positive or normative—explain your answer. Low-income people pay…

A: Positive and normative economics are correctly referred to as the two arms of economics.   Positive…

Q: A global pandemic results in 6 million confirmed cases and the death of over 400,000 individuals.…

A: An important question of economics is the question of choice of how to use limited resources between…

Q: Suppose an economy uses two resouces (labor and capital) to produce two goods (wheat and cloth).…

A: We know, that their is a scarcity of resources in the economy. Thus, it is important to use all the…

Q: Between a straight line PPF and a concave PPF, which one is more realistic? Why? Defend your answer.

A: Production possibility curve: The production possibility curve is the curve that exhibits the full…

Q: What is the difference between a point inside and a point on a PPC?

A: PPC shows different combinations of two goods x1 and x2 that can be produced with the use of given…

Q: What would it mean if the production possibilities Frontier (PPF) were bowed inward (convex),as…

A: PPF is the production possibility frontier of the economy which shows the possible combinations of…

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.