Under what circumstances in the Philippines can we operate outside the production possibilities curve? Explain your answer.

Q: Explain why the slope of the production possibilities curve becomes steeper as we move along the…

A: The production possibility curve (PPC) refers to a graphical representation of various combinations…

Q: The only way that a society can produce outside the production possibilities curve is Question 9…

A: Production possibilities frontiers are used to represent the trade-off that occurs between the…

Q: What is the production possibilities curve? Explain the concepts of efficiency and inefficiency in…

A: (Q) What is the production possibilities curve? Definition: Production Possibility Curve (PPF) The…

Q: A.C. Pigou considered economics as ______________. A. Science of wealth B. Science of material…

A: The Pigou effect reflects the relationship between asset utilization, labor, and productivity during…

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: 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: Graph 3: Draw a production possibilities model and using your own numbers, explain the concept of…

A: The production possibility curve shows different combinations of output that can be produced by…

Q: What does a Production Possibilities Curve depict? What is the Law of Demand? What components will…

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only first…

Q: Explain how each of the following situations would affect a nation's production possibilities curve.…

A: Answer: Correct option: PPF shifts inward. Explanation: due to a law requiring all employers to give…

Q: B PP PP PP Consumer Goods Refer to the diagram. An improvement in technology will Multiple Choice…

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

Q: The following schedule shows the combination of the total production of Aerospace production…

A: Economic resources square measure the parts used within the manufacture of products or the…

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: Which of the following statements is true of scarcity? A. Scarcity only effects developing…

A: Scarcity: - it is the very basic problem of economics that is related to the limited availability of…

Q: Consider the graph. What will happen if technological development raises the maximum amount of goods…

A: Production possibility frontier shows the combinations of two goods that can be produced with the…

Q: What are the two major ways in which an economy can grow and push out its production possibilities…

A: The production possibilities curve denotes the maximum output that an economy can produce at its…

Q: Explain how each of the following situations would affect a nation’s production possibilities curve…

A: The production of a country depends directly on the nation's supply of the electricity.

Q: The nation passes a law requiring all employers to give the employees 16 weeks paid vacation each…

A: A Production possibility frontier (PPF) curve shows the different possible combination of two goods…

Q: how does discovery of a new source of oil affects the production possibilities curve?

A: The production possibility curve or PPC is the locus of the combination of goods and services that…

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

A: The production possibility curve represents the combination of two goods that can b produced in an…

Q: Which of the following would shift an economy's production possibilities curve to the left? Select…

A: Production possibility curve shows the combination of production of two different goods at a limited…

Q: As a general rule, technological progress shifts the production possibilities curve outward, away…

A: Production possibility curve shows the quantity of two goods that an economy is able to produce with…

Q: Explain using a production possibilities curve what happened to the Russian economy when the SOEs…

A: The production possibility curve is a downward-sloping curve. It is a graphical representation of…

Q: The blue (inner) curve on the following graph shows the current production possibilities curve (PPC)…

A: The production possibility curve (PPC) is a locus of the combination of two goods that an economy…

Q: Movement along a production possibilities curve shows which of the following? a. The trade-offs…

A: The production possibilities curve is a curve that shows the various combinations of two goods that…

Q: Using this table, draw a production possibilities curve. What assumptions is this production…

A: Given

Q: Which of these is a normative statement? a. The gross domestic product of Kuwait increased by 3%…

A: The statements made by economists are categorized as either positive or normative statements.…

Q: Explain how each of the following situations would affect a nation’s production possibilities curve…

A: Hey, thank you for the question, since there is multiple question posted, according to our policy we…

Q: Why does a production possibilities frontier have  to be downward sloping and  have a bowed out…

A: A production possibility frontier (PPF) is a representation of two commodities and displays various…

Q: Does this production possibilities curve show increasing opportunity costs? Explain

A: The curve that depicts the combination of goods that could be produced using the resources being…

Q: Suppose there is rovement in medical technology that enables more healthcare with the same amount of…

A: The PPC is the production possibility curve which illustrates the different combinations of two…

Q: Use the figure below to answer the following questions. What is the opportunity cost of increasing…

A: A production possibilities curve shows various combinations of two goods that can be produced in an…

Q: Graph 1: Draw a production possibilities model with 4 points labelled A, B, C, D, one inside, two…

A: Hi, thank you for the question. As per the guidelines, we can only answer 1 question at a time.…

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

A: As per the honor code, we are allowed to attempt only first three sub-parts of the question. If you…

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

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Graph 1: Draw a production possibilities model with 4 points labeled A, B, C, D, one inside, two on,…

A: The curve that depicts combinations of goods that could be produced while making use of the same…

Q: bowed shape PPF curve relatated to law of increasing opportunity

A: All of the various combinations of output that are possible to be produced with the given resources…

Q: Which of the following may lead to an outward shift of the production possibilities curve? a.…

A: The production possibilities curve “is a frontier between all combinations of products that can be…

Q: uppose that this year, the economy is operating at point B, but then an earthquake destroys more…

A: PPF which is the production possibility frontier is also called the production possibility curve…

Q: The only way that a society can produce outside the production possibilities curve is Question 9…

A: Production possibilities frontiers are used to represent the trade-off that occurs between the…

Q: three factor that might cause the production possibilities curve to shift to the right or outward

A: "Production possibilities curve represent the combination of two goods produced in an economy with…

Q: Suppose there is an improvement in medical technology that enables more healthcare to be provided…

A: A curve that depicts the possible quantities of two products that could, in turn, be produced if…

Q: Which of the following would shift an economy's production possibilities curve to the left?

A: PPC curve shift right wards means growth of resources and if it moves left then it means decline in…

Q: Explain how each of the following situations would affect a nation’s production possibilities curve.…

A: The nation is in recession as a result of COVID-19. Recession is triggered when demand for goods and…