a town on the gulf coast is battered by a massive hurricane that destroys most of...
a town on the gulf coast is battered by a massive hurricane that destroys most of its productive resources. the community's production possibilities frontier would show an:
- inward shift in the production possibilities frontier
- outward shift in the production possibilities frontier
- outward rotation along the vertical axis
- increase in opportunity cost
Homework Answers
a town on the gulf coast is battered by a massive hurricane that destroys most of its productive resources. the community's production possibilities frontier would show an:
Answer is:
- inward shift in the production possibilities frontier
A PPF is basically represents the combination of two commodities that an economy can produce with full utilisation of fixed resources.
If in case the resources are destroyed then the economy will produce less of the two commodities. It results into inward shifting of the PPF.
Loss of resources due to natural calamities or war also the reasons of inward shift of PPC.
So the answer will be inward shift in the production possibilities frontier.
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