Homework Answers
ANSWER :: (A) Acquiring Additional Resources
=> Explanation ::
The Production Possibility curve Represent The Different Combination Of Output That Produced By Given Current Resources And Technology That They Have. It Is also Know As Production Possibilities Frontier (PPF)
For Canada To Move Its Production Possibility Curve They Should Acquire Additional Resources. Shift To Production possibility Curve Caused By things That Can Able To change The Economic Output Like Education,Training,Technology advancement, Change In Labor Force And Acquiring Additional Resources.
So Assume that If Canada Want To Move its Production Possibility Curve By Acquiring Additional Resources To Change Its Economic Output.
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Canada is producing inside its production possibilities curve. It could move to its production possibilities curve...
7. Society will be at points inside the production possibilities curve when: a. resources are not...
7. Society will be at points inside the production possibilities curve when: a. resources are not used effiċiently. b. there is full employment of resources. c. per capita incomé is increasing. d income is distributed equally to all. e. all of the above.
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The...
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The economy cannot produce more of one good without simultaneously reducing the output of another good. B) is producing inefficiently. If production was arranged more efficiently the economy can produce more on one good without sacrificing any production of another good. C) it is producing at an unattainable point. You cannot be inside the Production Possibilities Frontier. D) then opportunity cost approaches infinity. No economy...
If the economy is currently producing at a point inside its Production Possibilities Frontier O alternate...
If the economy is currently producing at a point inside its Production Possibilities Frontier O alternate products must be sacrificed in order for production to increase. O technology must improve in order for production to increase. O human capital must improve in order to production to increase. O more resources must be discovered in order for production to increase. O production can increase if resources are used more efficiently.
If a certain combination of goods or services lies outside the production possibilities curve of an...
If a certain combination of goods or services lies outside the production possibilities curve of an economy, which of the following is true? ( ) Effective trade barriers have reduced foreign imports into the economy. New technology is being used in production. Resources are not available to achieve that combination of goods or services. Resources are not being used efficiently to achieve that combination of goods or services. Resources are being used at a more rapid rate than they were...
An economy's production possibilities curve could shift outward as a result of a(n) a) increase in...
An economy's production possibilities curve could shift outward as a result of a(n) a) increase in labor and capital b) reduction in the quantity of capital goods c) decrease in the production of goods or d) decrease in the amount of available resources?
otes more of its res B. Cause its producti its production possibilities curve to shift outward...
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
Suppose an economy moves from a point inside of its production possibilities curve to a point...
Suppose an economy moves from a point inside of its production possibilities curve to a point on the curve. The most likely source of this economic growth is: Group of answer choices increases in the quality of inputs. demand and efficiency factors. technological change. supply factors.
9. Suppose that an economy is currently producing at a point inside its PPF. We know...
9. Suppose that an economy is currently producing at a point inside its PPF. We know that: a. The economy is producing beyond its capacity, so inflation will occur b. The economy is not using all of its available resources c. The economy is producing an efficient combination of goods d. There will be a large opportunity cost if the economy tries to increase production of any good _____ 10. Production possibility frontiers are usually shown as bowed outward. This...
Question 13 (3 points) A production possibilities curve shows: O combinations of capital and labor necessary...
Question 13 (3 points) A production possibilities curve shows: O combinations of capital and labor necessary to produce specific levels of output. that resources are unlimited. that people prefer one of the goods more than the other. the maximum amounts of two goods that can be produced assuming the full use of available resources.
In the context of the production possibilities curve (when a society decides to move from one...
In the context of the production possibilities curve (when a society decides to move from one point on a ppc to another point on a ppc), opportunity cost is measured in: Group of answer choices dollars paid for the goods. the quantity of other goods given up. the value of the resources used. changing technology. units of satisfaction.
7. Society will be at points inside the production possibilities curve when: a. resources are not used effiċiently. b. there is full employment of resources. c. per capita incomé is increasing. d income is distributed equally to all. e. all of the above.
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The economy cannot produce more of one good without simultaneously reducing the output of another good. B) is producing inefficiently. If production was arranged more efficiently the economy can produce more on one good without sacrificing any production of another good. C) it is producing at an unattainable point. You cannot be inside the Production Possibilities Frontier. D) then opportunity cost approaches infinity. No economy...
If the economy is currently producing at a point inside its Production Possibilities Frontier O alternate products must be sacrificed in order for production to increase. O technology must improve in order for production to increase. O human capital must improve in order to production to increase. O more resources must be discovered in order for production to increase. O production can increase if resources are used more efficiently.
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
Question 13 (3 points) A production possibilities curve shows: O combinations of capital and labor necessary to produce specific levels of output. that resources are unlimited. that people prefer one of the goods more than the other. the maximum amounts of two goods that can be produced assuming the full use of available resources.
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