During the second world war, Germany's factories were decimated. It also suffered many human casulaities, both soldiers and civilians. How did the war affect Germany's production possibility curve?

Q: Please graph two hypothetical production possibilities models. In one of the graphs, please…

A: Meaning of Production Possibility Frontier: The term production possibility frontier refers to the…

Q: Butter The production possibilities frontier has a bowed-out shape because the opportunity cost of…

A: According to the definition of PPF,  Point lies above PPF curve- Impossiible to achievePoint lies on…

Q: Assume our standard model. Andreas can knit 4 scarves per hour and 3 hats per hour. Katya can knit…

A: Given: In an hour, Andreas can knit 4 scarves and 3 hats. Katya can knit 12 scarves and 6 hats.

Q: Which situation would most likely cause a nation's production possibilities curve to shift…

A: PPC is also known as the production transformation curve or production possibility frontier. It is…

Q: Q1 The chart below shows how many days it takes Walton and Singer to produce one unit of AC (air…

A: Consider Walton and Singer has 2040 days each [We select 2040 days because it is LCM of 8, 10, 12,…

Q: What is one reason for why a production possibility curve would be bowed from the origin)? constant…

A: Production possibility curve shows the different combinations of goods and services that can be…

Q: Explain how (if at all) each of the following events affects the location of a country’s production…

A: Given the fixed amount of resources and the state of technology, a country’s production…

Q: fusing horizons of diverse perspectives and views, what are two-possible positive consequences?

A: The leadership of the entire system is rooted in diversity. The system-wide approach thrives by…

Q: ency in the pro model Suppose South Africa produces only two goods: barley and laptops. The…

A: A Production Possibility Curve (PPC) represents the maximum possible combinations of two goods that…

Q: What do I have to do here?

A: The production possibilities frontier shows different combinations of two goods that can be produced…

Q: What are the properties of the production possibility curve

A: The production possibility curve, also called PPC is a curve that depicts the allocation of two…

Q: Which of the following would cause an outward shift of the production possibilities frontier?

A: The production possibility frontier represents the different combinations of two goods that can be…

Q: A production possibilities curve (PPC) represents the maximum amount of two goods or services…

A: Both PPC and LRAS curve reflect full capacity and resource utilization in the economy.

Q: The production possibilities frontier has a bowed-out shape because the opportunity cost of butter…

A: A production possibility frontier is the locus of all combinations of two goods an economy can…

Q: Is it true or false for each part. Part A. The negative slope of a production possibilities…

A: A production possibility frontier is the graph which indicates the various production possibilities…

Q: Combinations    Rice    Shoe           A                   50    0           B                   45…

A: Answer is given below

Q: Answer the question on the basis of the following production possibilities tables for two countries,…

A: A production possibility curve shows the combinations of two goods that can be produced using all…

Q: Why is a production possibility curve concave explain?

A: According to the given question A production possibility curve indicates a downward sloping curve…

Q: Sketch a plausible production possibility frontier that shows in general various combinations of…

A: Answer to the question is as follows:

Q: California has been greatly affected by the forest fires of 2020. The most likely economic impact…

A: The production possibility curve (PPC) depicts the combination of two goods that a nation can…

Q: If the production possibilities frontier curve is linear and downward-sloping instead of bowed out,…

A: The production possibility frontier (PPF) is a diagramatical illustration of an economic model that…

Q: Refer to the accompanying table. Corey's opportunity cost of making of a pizza is delivering Pizzas…

A: Opportunity cost refers to the next best alternative forgone.

Q: 7) An inefficient use of resources may be illustrated with a production possibility curve as: A) an…

A: Answer: Option C (a point inside the production possibility curve) Explanation: Any point inside the…

Q: Consider production possibilities of goods and services in China, Since 1980, the population of…

A: Given that the population of China has increased from 1 billion to more than 1.4 billion. And there…

Q: Points on a firm's Production Possibility Curve are

A: Production possibility curve is also known as production transformation curve or production…

Q: Examine the central problems of an economy given below and select the one that cannot be represented…

A: A production possibility curve (PPC) is a graph that represents different combinations of output…

Q: Answer the question on the basis of the following production possibilities data for Gamma and Sigma.…

A: Given: Gamma production possibilities:   A B C D E Tea 120 90 60 30 0 Pots 0 30 60 90 120…

Q: Hi there. can you please assist on the following question below Multiple-choice questions: Select…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Draw a production possibilities model with four points labeled ABCD one inside two on the outside…

A: Production possibilities model with four points labeled ABCD one inside two on the outside the…

Q: Under which of the following circumstances a Production Possibility Curve will move to the right a.…

A: Production Possibility Curve shows the combination of goods that can be produced with the available…

Q: Why is the production possibility curve also called as the opportunity cost curve

A: Initially we can say that the production possibility curve is known as a curve or line which depicts…

Q: How does a straight-line production possibilities boundary differ from a concave boundary?

A: A production–possibility frontier (PPF), production possibility curve (PPC), production possibility…

Q: Which of the following results in an outward shift in the Production Possibility Frontier? *…

A: The Production Possibility Frontier is the locus point of all the different combinations of the two…

Q: Which of the following represents the opportunity cost of X in terms of Y? a. Px/Py = MPLx/MPLY b.…

A: The opportunity cost of X in terms of Y is the amount of Y that needs to be sacrifice in order to…

Q: Assume a Ricardian, constant-cost world. There are two countries, the United States and Canada. Each…

A: International trade refers to the exchange of goods and services between two or more nations for…

Q: Why are individuals, businesses and countries forces to weigh the benefits and costs of their…

A: The economics as a study works upon the basis of the use of resources which are available with them…

Q: How can government involvement in an economy help or hinder the expansion of the production…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: If the production of computers increases from point P to point S, what is the opportunity cost in…

A: Opportunity cost is the loss of potential increase from different options when one option is picked.

Q: Suggest assumptions of the Production Possibility Frontier

A: The production possibility frontier implies a concave curve that shows the combinations of two goods…

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: A shift outward of the production possibilities frontier line indicates what?

A: A shift outward production possibility Frontier is a positive thing for an economy.

Q: The opportunity cost on a Production Possibilities Frontier in moving from one point to another can…

A: Production possibility frontier: - it is the graphical representation of different combinations of…

Q: Good X True or false: The production possibilities frontiers above could represent a scenario where…

A: A production possibility frontier depicts all of the possible combination of two goods which could…

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.