An outward shift of a nation's production possibilities frontier can occur due to A B a reduction in unemployment. D a natural disaster like a hurricane or bad earthquake. C a change in the amounts of one good desired. с an increase in the labor force.
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- A production possibilities curve can shift inward if there is a. an increase in productivity b. an increase in unemployment c. an increase in the price of raw materials d. a misallocation of resources e. a natural disasterAs technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?Imagine a graph showing production possibilities. What does an outward shift of the production possibilities curve indicate?InflationEconomic growthOverfull employmentOverproduction
- What is produce.?The market system results in O cfficiency O an increased standard of living O All of these result from the market system. economic growthWhen Main Street Bank buys new automatic teller machines, the quantity of land and natural resources labor O physical capital entrepreneurial ability, technology, and ideas in the economy increases.
- Classify each of the following statements as positive or normative. Explain. Bahamas faces a trade-off between inflation and unemployment The ECCB should reduce the interest rates St. Lucia ought to provide a pension for all citizens. 4.Higher tax rates discourage savings and workingG, 8 EconomicsThe demographic transition refers to: a. The increase in fertility rates and the number of children per family that many societies undergo as they transition from urban centers to farmland. b. The increase in fertility rates and the number of children per family that many societies undergo as they transition from rural to urban centers. c. The decrease in fertility rates and the number of children per family that many societies undergo as they transition from rural to urban centers. d. The decrease in fertility rates and the number of children per family that many societies undergo as they transition from urban centers to rural locations.
- Points outside the production possibility frontier indicate a. Inflation b. Combinations of outputs that can be achieved only when prices rise c. Output that can be produced only if prices fall d. Combinations of output that cannot be produced currentlyWhat to produce ? How to produce? For whom to produce?Using the figure below, answer the questions: a. What does the movement from A to B to C illustrate? b. What does the movement from A to E illustrate? c. What does the movement from A to B to D illustrate? d. What does the movement from E to B to D illustrate? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.