Explain how each of the following situations would affect a nation's production possibility curve. (i) A technological innovation allows the nation to more efficiently convert solar energy into electricity. a) What happens to the PPF? b) Explain
Explain how each of the following situations would affect a nation's
(i) A technological innovation allows the nation to more efficiently convert solar energy into electricity.
a) What happens to the PPF?
b) Explain
(ii) COVID-19 increases the number of
a) What happens to the PPF?
b) Explain
(iii) A global pandemic results in 6 million confirmed cases and the death of over 400,000 individuals.
a) What happens to the PPF?
b) EXplain
(iv) A switch to online delivery, increases access to education in the nation's colledges and universities, but might have a detrimental impact on the quality of education.
a) What happens to the PPF?
b) Explain
v) The nation passes a law requiring all employers to give the employees 16 weeks of paid vacation each year. Prior to this law employer were not legally required to give employees any paid vacation time.
a) What happens to the PPF?
b) Explain
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