Which situation would most likely cause a nation's production possibilities curve to shift inward?            The construction of more capital goods        An increase in discrimination based on race        An increase in the number of skilled immigrant workers        The destruction from bombing and warfare in a losing military conflict

Q: An outward shift of a production possibilities curve can be caused by a. planting a more profitable…

A: Answer: PPF shifts outward when the overall production capacity of the economy increases. Production…

Q: The following can cause the production possibilities curve to shift to the right? a. Indifference…

A: Answer: Correct option: (d) Explanation: The production possibility curve refers to the curve that…

Q: Suppose the production of two goods (books and shoes) require the use of two types of inputs (labor…

A: Thank You for the question. As per Bartleby answering guidelines, we can answer only 1 question in…

Q: IA nation with fixed quantities of resources is able to produce any of the following combinations of…

A: The production possibility curve shows the combination of goods produced in a country using all the…

Q: give 1 of the following statements that is NOT true regarding the production function and the…

A: b. The production function describes the capacity of a single firm, whereas the production…

Q: The production possibilities curve represents the maximum combination of goos and services that can…

A: In business analysis, the production possibility curve (PPC)  represents the possible quantities…

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: The principle of increasing marginal opportunity cost indicates that as a firm incrementally…

A: Marginal opportunity cost refers to the additional opportunity cost of producing an additional unit…

Q: Y B' CONSUMER GOODS A D' C saos

A: Production possibilities curve shows the different combinations of goods that a country can produce…

Q: As more cars are produced, the opportunity cost of each additional car is greater than for the…

A: Opportunity cost measures the trade-off between two goods i.e. goods need to be given off in order…

Q: Assuming England has 60 man-hours (mhrs) of labor resource available for production, and labor is…

A: Opportunity cost is the benefit that is derived from the not chosen alternative.

Q: Which of the following best describes what occurs along a bowed-out production possibilities curve?…

A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…

Q: Which of the following are the assumptions of the production possibility curve? a. Two goods are…

A: When analyzing the relationship between input and output resources using production possibility…

Q: Combinations of goods on the production possibilities curve O can be produced using currently…

A: Correct : can be produced using currently available resources and technology.

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: An improvement in a country's legal system that enhanced the ability of citizens to protect their…

A: An improvement in a country's legal system that enhanced the ability of citizens to protect their…

Q: Question 17 Refer to Daisy's PPF  Given Daisy's PPF, the following production combo,  6 pies and 10…

A: Answer: Efficient points: efficient points are those points that lie on the PPF. These points show…

Q: Which of the following best captures the idea of the fundamental economic problem? Choose 1 answer:…

A: Scarcity is the condition of a limited supply of goods and raw material with unlimited demand.

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: The productive capability of an economy is such that to produce 5 units of military good it takes 2…

A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…

Q: The opportunity cost of any decision that you make involves giving up something. I would like you to…

A: The opportunity cost is the cost of the next best alternative that is being foregone by the…

Q: Given a production possibilities curve for investment goods and consumption goods, which of the…

A: The "production possibility frontier" (PPF) depicts the various products and services that can be…

Q: Production possibilities represent the various combinations of two goods that can be produced given…

A: PRODUCTION possibility curve means combinations of two goods that can be produced with given level…

Q: All of the following would be expected to cause an economy’s production possibilities curve to shift…

A: The production possibility curve is a set of all points which represent a combination of the goods…

Q: An earthquake has occurred in an economy, many buildings and factories are destroyed; many people…

A: The curve that depicts numerous combination levels of amount of two goods that could in turn be…

Q: Resource consumption per person in the United States is either flat or falling, depending on the…

A: Running out of resources would become a prominent factor when people try to improve their living…

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

A: A production possibilities curve (PPC) shows the various combination of two goods that an economy…

Q: Explain three different kinds of economic systems. Explain the Law of Diminishing Returns and…

A: Question 1) An economic system refers to the set of rules and regulation or a mechanism which is…

Q: Categorize each of the following statements as being the result of either positive      economic…

A: In economic analysis, normative economic statements are the judgemental statements that can or…

Q: Assume an economy producing only two goods (shoes and computers) with a fixed amount of productive…

A: i. Production possibility frontier represents all possible combination of two goods that an economy…

Q: Point x on a linear production possibilities curve represents a combination of 50 watches and 20…

A: A production possibility frontier indicates the production capacity of an economy. The model assumes…

Q: The production possibilities curve can best be described as representing the economics principle of…

A: In economics, the production possibility curve is one of the effective economic measure to be used…

Q: Which of the following statements is NOT an assumption underlying the production possibilities…

A: A production possibility curve/frontier (PPF) shows the maximum possible output combinations of two…

Q: Resource consumption per person in the United States is either flat or falling, depending on the…

A: Resources can be defined as the goods or services available to individuals and businesses that are…

Q: Which of the following would be most likely to shift the production possibilities curve to the…

A: The production possibilities curve(PPC) depicts the mix of consumer and capital products that a…

Q: A point outside the production possibilities curve is  attainable, but there is not full employment…

A: PPC (Production Possibility Curve) refers to the different combinations of two commodities that can…

Q: Assume an economy producing only two goods (shoes and computers) with a fixed amount of productive…

A: Given that: Two goods- Shoes and computers. Diminishing marginal returns the opportunity cost of…

Q: Which of the following would most likely shift the production possibilities curve inward?…

A:

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: Discuss in detail the production possibility curve by linking that to the concept of…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: In using tanks and trucks in a production possibilities curve with increasing opportunity cost,…

A: A Production Possibility Frontier is a graph that shows all the possible combinations of two…

Q: Resources are scarce because which of the following are limited:   Question 10 options:   A)…

A: Economics deals with the allocation of scarce resources among alternative uses to satisfy human…