Give a definition of an advance in technology. Suppose that you are drawing a PPF for civilian goods and military goods, describe the effect on the PPF of an advance in technology in both civilian goods and military goods.  How would the impact on the PPF be different if the technological improvement only helped in the production of military goods, but not civilian goods?

Refer to the information provided in Figure 1 below. Which of the following causes the ppf to shift from ppf2 to ppf3?      Group of answer choices Technological progress An increase in the labor force An increase in capital stock All of the above

Draw a new curve, on the same graph,reflecting what the PPC might look like if new production technology is invented to speed up production in just the Jade Citrus Mint Tea industry.  Combination Jade Citrus Mint Tea (X axis) Spiced Apple Cider (Y axis) A 0 50 B 16 45 C 30 35 D 40 20 E 47 0

Answer the attached question

Some scientists believe that we are rapidly depleting our natural resources. Assume that there are only two inputs (labor and natural resources) producing two goods (concerts and gasoline) with no improvement in society’s technology over time. Show what would happen to the PPF over time as natural resources are exhausted. How would invention and technological improvement modify your answer? On the basis of this example, explain why it is said that “economic grow this a race between depletion and invention

b. Illustrate a PPC for cars and books.                  c. Give economic meaning to this PPC.                  d. Illustrate and explain how a decrease in the desire to read books will affect this PPC.

The following graph shows a PPC for the imaginary country of Caldonia producing flyboats and time-stopping watches. Suppose a technological change improves production of time-stopping watches. So Caldonia can make more time-stopping watches with the same amount of resources, whereas production of time-stopping watches does not change. Adjust the vertical and horizontal intercepts of the PPC to show the effect of the the technological change on Caldonia's economy. (Hint: Do not move the intercept if the production of a good is not affected.) Quantity of time-stopping watches PPC Quantity of flyboats Before the technological change, point X was first box unattainable inefficient efficient second box unattainable inefficient efficient PPC and after the event, it is

Draw a new curve, on the same graph, reflecting what the PPC might look like if new production technology is invented to speed up production in both industries. Combination Bananas metric tons (X axis) Coffee metric tons (Y axis) A 20,000 0 B 18,000 11,000 C 14,000 20,000 D 8,000 27,000 E 0 30,000

The following graphs show the production possibilities frontiers (PPFS) for Maldonia and Lamponia. Both countries produce lemons and tea, each initially (i.e., before specialization and trade) producing 12 million pounds of lemons and 6 million pounds of tea, as indicated by the grey stars marked with the letter A. TEA (Millions of pounds) 32 28 226 24 PPF 20 16 12 28 Maldonia 0 4 8 12 16 20 24 LEMONS (Millions of pounds) 28 32 22 ? TEA (Millions of pounds) 32 22 28 24 20 16 12 PPF Lamponia A 0 04 8 12 16 20 24 28 LEMONS (Millions of pounds) 32 ? Maldonia has a comparative advantage in the production of production of while Lamponia has a comparative advantage in the . Suppose that Maldonia and Lamponia specialize in the production of the goods in which each has a million pounds of comparative advantage. After specialization, the two countries can produce a total of Jemons million pounds of tea and

Production possibilities. If the supply of capital falls by10 percent and the supply of labor increases by 10 percent, how will the PPF for wheat and cloth change?