The figure above shows a country's production possibility frontier (PPFA). B A PPFA PPF The country's PPF shifts from PPFA to PPFB, and moves from Point 'A' to Point 'B'. Which event could explain this move? The country acquired new technology in its major industries. The country is recovering from a recession. The country decreases its capital-to-labor ratio. The country utilizes its excess labor.
The figure above shows a country's production possibility frontier (PPFA). B A PPFA PPF The country's PPF shifts from PPFA to PPFB, and moves from Point 'A' to Point 'B'. Which event could explain this move? The country acquired new technology in its major industries. The country is recovering from a recession. The country decreases its capital-to-labor ratio. The country utilizes its excess labor.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 14SQ
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![The figure above shows a country's production possibility frontier (PPFA).
В
PPFA
PPFB
The country's PPF shifts from PPFA to PPFB, and moves from Point 'A' to Point 'B'. Which event
could explain this move?
O The country acquired new technology in its major industries.
O The country is recovering from a recession.
The country decreases its capital-to-labor ratio.
O The country utilizes its excess labor.
Match each letter to the input it represents.
Choose ]
Human capital
Labor
Natural capital
L
Animals
Natural resources and labor
Labor and land
Land and natural resources
H
Physical Capital
Entrepreneurship/ Automation
K
Choose ]
A
Choose ]
Use the lecture video and slides to fill in the blanks.The catch-up effect is why poor countries grow
faster than rich ones. This is because developing countries
to make their inputs
more productive; whereas developed countries must
to increase growth.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83539d94-e4e3-4342-8d44-4863ba91f6a1%2Fafad270c-1107-4ad7-83fd-87135e58e0c4%2Fv4cnf9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The figure above shows a country's production possibility frontier (PPFA).
В
PPFA
PPFB
The country's PPF shifts from PPFA to PPFB, and moves from Point 'A' to Point 'B'. Which event
could explain this move?
O The country acquired new technology in its major industries.
O The country is recovering from a recession.
The country decreases its capital-to-labor ratio.
O The country utilizes its excess labor.
Match each letter to the input it represents.
Choose ]
Human capital
Labor
Natural capital
L
Animals
Natural resources and labor
Labor and land
Land and natural resources
H
Physical Capital
Entrepreneurship/ Automation
K
Choose ]
A
Choose ]
Use the lecture video and slides to fill in the blanks.The catch-up effect is why poor countries grow
faster than rich ones. This is because developing countries
to make their inputs
more productive; whereas developed countries must
to increase growth.
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