Explain how each of the following situations affect a nation’s production possibility curve. (1)A technological innovation allows the nation to efficiently convert solar energy into electricity What happens to the PPF? Choose one PPF shifts outwards Produce inside PPF Produce outside PPF Increased production given resources Increase in resources PPF shifts inwards Unused Resources Explanation? Choose one from the options above
Explain how each of the following situations affect a nation’s
(1)A technological innovation allows the nation to efficiently convert solar energy into electricity
What happens to the PPF? Choose one
- PPF shifts outwards
- Produce inside PPF
- Produce outside PPF
- Increased production given resources
- Increase in resources
- PPF shifts inwards
- Unused Resources
Explanation? Choose one from the options above
2. Covid -19 increases the number of
What happens to the PPF? Choose one
- PPF shifts outwards
- Produce inside PPF
- Produce outside PPF
- Increased production given resources
- Increase in resources
- PPF shifts inwards
- Unused Resources
Explanation? Choose one from the options above
3. A global pandemic results in 6 million results in 6 million confirmed cases and the death of over 40,000 individuals. What happens to the PPF curve?
What happens to the PPF? Choose one
- PPF shifts outwards
- Produce inside PPF
- Produce outside PPF
- Increased production given resources
- Increase in resources
- PPF shifts inwards
- Unused Resources
Explanation? Choose one from the options above
4. A switch to online delivery increases education increases access to education in the nation’s colleges and universities but might have a detrimental impact on the quality of education. What happens to the PPF curve?
What happens to the PPF? Choose one
- PPF shifts outwards
- Produce inside PPF
- Produce outside PPF
- Increased production given resources
- Increase in resources
- PPF shifts inwards
- Unused Resources
Explanation? Choose one from the options above
5. The nation passes a law requiring all employers to give employees 16 weeks of paid vacation each year. Prior to this law employers were not legally required to give employees any paid vacation time. What happens to the PPF Curve?
What happens to the PPF? Choose one
- PPF shifts outwards
- Produce inside PPF
- Produce outside PPF
- Increased production given resources
- Increase in resources
- PPF shifts inwards
- Unused Resources
Explanation? Choose one from the options above
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