16) Moving along the production possibilities frontier itself illustrates 16) A) the existence of unemployment of some factors of production. If country 1 is on its production possibilities frontier, then country 2 must be on its PPF, too. Have you been to a frontier lately? Have you been to a frontier lately? C. all goods and services that are desired Which of the graphs below best illustrates the impact on the production possibilities frontier of a 4: Sunk The production possibilities frontier illustrates the maximum combinations of goods and services that can be produced. E) production possibilities frontier will shift outwards. B. the combination of goods and services that can be produced efficiently. B) how tradeoffs need not occur if the economy is efficient. Production Possibilities Frontier: A production possibilities frontier illustrates all bundles of goods that can produced if all inputs are being used to their fullest. The production possibilities frontier itself illustrates A) all goods that can be produced by an economy. B) resources the economy possess, but not its level of technology. Whether you realize it or not, the economy has a frontierâit has an outer limit of economic production. Topic: Production Possibilities Frontier Skill: Recogniti on Status: Previous edition, Chapter 2 AACSB: Reflective Thinking 4) The production possibilities frontier itself illustrates A) all goods that can be produced by anB) the B Definition: Production possibilities frontier (PPF), also known as production possibility curve, indicates the maximum output combinations of two goods or services an economy can achieve by fully using all available resources efficiently. In this episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains how the production possibilities frontier (PPF) illustrates some very important economic concepts. B)all goods and services that are desired but cannot be produced due to scarce resources. C) all goods and services that are desired but cannot 4) Moving along the production possibilities frontier itself illustrates A) the existence of tradeoffs. Answer: A Topic: Production Possibilities Frontier Skill: Recognition AACSB: Reflective thinking 4) The production possibilities frontier itself illustrates A) ⦠Production Possibilities A production possibility frontier is used to illustrate the concepts of opportunity cost, trade-offs and also show the effects of economic growth. In this video I explain how the production possibilities curve shifts when there is a change in resources or a change in technology. The production possibilities frontier illustrates the A) maximum combinations of goods and services that can be produced. 19) The production possibilities frontier is the 19) A) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced, given the available factors of production and the state of technology. The following diagram (21.2) illustrates the production possibilities set out in the above table. D) all possible production of capital goods Answer: B Topic: Production Possibilities Frontier Skill: Conceptual 7) The production possibilities frontier itself shows A) the maximum amount of resources available at any given time. The production possibilities frontier itself illustrates A. all goods that can be produced by an economy. 15) A production possibilities frontier illustrates the maximum amount of two different goods that can be produced if A) society is using all its resources in the most efficient manner possible. Points within the curve show when a countryâs resources are not being fully utilised The production possibility frontier (PPF) is a graph that shows all maximum combinations of output that an economy can achieve, when available factors of production are used effectively. The PPF for country 1 is necessarily closer to the origin (or further to the left) than the PPF for country 2. c. If country 1 is productive d. 3: The figure given below has four graphs showing the production possibilities frontier for capital goods and consumer goods. 52) The production possibilities frontier is a graph showing the A) exact point of greatest efficiency for producing goods and services. Whether you realize it or not, the economy has a frontierâit has an outer limit of economic production. Have you been to a frontier lately? In this episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains how the production possibilities frontier (PPF) illustrates some very important economic concepts. b. In this episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains how the production possibilities frontier (PPF) illustrates some very important economic concepts. 6)The production possibilities frontier illustrates A)all goods that can be produced by an economy. B) how tradeoffs need not occur if the economy is efficient. B) the prices of both goods are identical. 4/5 of an apple 4 apples 5/4 of an apple 1 banana None of the above answers is correct Moving along the production possibilities frontier itself illustrates how ⦠In this diagram AF is the production possibility curve, also called or the production possibility frontier, which shows the various combinations of the two goods which the economy can produce with a given amount of resources. B) tradeoff between free lunches. 4) The production possibilities frontier itself illustrates A) all goods that can be produced by an economy B) the combination of goods and services that can be produced efficiently C) all goods and services that are desired butD) all Whether you realize it or not, the economy has a frontierâit has an outer limit of economic production. Definition: Production possibility frontier is the graph which indicates the various production possibilities of two commodities when resources are fixed. C) goods and services that people want Topic: Production Possibilities Frontier Skill: Recognition Status: Previous edition, Chapter 2 AACSB: Reflective Thinking 4) The production possibilities frontier itself illustrates A) all goods that can be produced by aneconomy. Whether you realize it or not, the economy has a frontierâit has an outer limit of economic production. The production possibilities frontier is a concept in the fields of both business analysis and macroeconomics. In this episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains how the production possibilities frontier (PPF) illustrates some very important economic concepts. The PPF illustrates how much of a good or service must be ⦠Have you been to a frontier lately? 49ããé
读ç解ãTable 3-3 Machine Minutes Needed to Make 1 Toothbrush Hairbrush Zimbabwe 3 10 Portugal 5 6 Assume that Zimbabwe and Portugal can switch between producing toothbrushes and producing ⦠It could produce 700 cars and 2,000 computers, shown in the graph above by point A. Within business analysis , the production possibility curve represents the various production levels of two goods requiring one resource that is available in a limited amount. The two endpoints of the production possibilities frontier represent these extreme possibilities. B) the combination of goods and services that can be produced efficiently. You've reached the ⦠How to solve: Explain how a PPC/F can be used to illustrate scarcity, choice, opportunity cost and productive efficiency. C) maximum combinations of goods and services that can be If the economy were to divide its resources between the two industries. 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