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11 Dec 2019

Assume that a nation's PPC has shifted outward and to the right. Think of a scenario that may have caused this.

Assume that a nation's PPC has shifted inward and to the left. Think of a scenario that may have caused this.

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Related questions

 

Could someone please help I am having a hard time figuring out what these are without a graph. I got a few answers but I don;t know if there correct. Thanks !!!

A favorable change in expectations occurs within Country X (e.g. consumers feel better about the future) and, as a result, unemployment in agriculture decreases. How does this change affect the PPC of Country X? answer:E?

How does the migration of laborers from Country X into Country W affect the PPC of Country X?answer:B?
 

How does higher productivity in the harvesting of rye affect the PPC of Country X?answer:H?
 

How does improved technology for both wheat and rye affect the PPC of Country X?answer:E?
   
 

How does a sudden decrease in the availability of inputs used in the production of rye affect the PPC of Country X?
 

Assume that foreign direct investment increases the capital stock within Country X. How does this change affect the PPC of Country X?
 

How does an increase in unemployment affect the PPC of Country X?
A.

Movement from a point inside this PPC to a point that's on the PPC
B.

Movement from a point that's on this PPC to a point inside the PPC
C.

Movement between 2 points, up along the PPC (i.e. toward wheat)
D.

Movement between 2 points, down along the PPC (i.e. toward rye).
E.

Increase (shift outward) in the PPC that affects both goods
F.

Decrease (shift inward) in the PPC that affects both goods
G.

Increase (pivot outward) in the PPC that affects only wheat
H.

Increase (pivot outward) in the PPC that affects only rye
I.

Decrease (pivot inward) in the PPC that affects only wheat
J.

Decrease (pivot inward) in the PPC that affects only rye

Suppose an economy can produce various combinations of fish and bread. If more people with strong fishing skills became employed in this economy, how would the production possibilities curve (PPC) change?

a. The PPC would shift outward on the fish axis, but would not change on the bread axis.

b. The PPC would shift outward equally along both the fish and the bread axes.

c.The PPC would shift inward on the the bread axis, but would not change on the fish axis.

d. The PPC would shift equally along both the fish and the bread axes.

An economy can produce various combinations of food and shelter along a production possibilities curve (PPC). Suppose a technological innovation resulted in a new, higher-yielding crop that generated more bushels of grain for a given set of land, labor, and capital resources. If this innovation did not affect the productivity of shelter production, which of the following would be true?

a. The PPC will shift outward equally along both axes of the graph.

b. The PPC will rotate inward along the food axis, but will not shift on the shelter axis.

c. The PPC will rotate outward along the food axis, but will not shift on the shelter axis.

d. The PPC will not change.

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