Explain how the following situation would affect a nation's production possibilities curve. The quality of education in the nation's colleges and universities improve greatly. What happens to PPF Explanation Choose... Choose... ♦ + PPF shifts inwards Produce inside PPF Unused resources Produce outside PPF Reduction in resources Increase in resources PPF shifts outwards Increased production given resources SP
Explain how the following situation would affect a nation's production possibilities curve. The quality of education in the nation's colleges and universities improve greatly. What happens to PPF Explanation Choose... Choose... ♦ + PPF shifts inwards Produce inside PPF Unused resources Produce outside PPF Reduction in resources Increase in resources PPF shifts outwards Increased production given resources SP
Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 7P
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Answer both questions in each using options from the drop box.
*Please note that the explanation for each should be from the options
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What options from the drop box can be chosen as explanation for both questions?
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