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?

Q: Consumption After Trade PPF 12 18 24 30 36 42 48 POTAT OES (Millione of pounde)

A: Global trade is the trading of labor and products between two nations. Exchange offers shoppers and…

Q: What would it take for a point beyond the PPF to ultimately become attainable? Name an important…

A: When resources are limited, the production possibility frontier is a graph that depicts the various…

Q: When will be the PPC curve be a straight line?

A: #PPC refers to the production possibility curve which shows the combination of two goods being…

Q: Consider the PPF of a country with movies on the horizontal axis and computers on the vertical axis.…

A: Production Possibility Frontier shows different possible combination of two goods that can be…

Q: Consider a society consisting only of Helen, who allocates her time between sewing dresses and…

A: Visual illustration of the production possibilities frontier is provided by the production…

Q: One last time, please consider this PPF, which describes an economy in autarky that produces guns…

A: The issue is to figure out how the slant of the production possibility frontier (PPF) changes in…

Q: The above tables represent the production possibilities frontiers (PPFs) for two different countries…

A: Answer - Need to find - The overall gain in production that would occur from each country…

Q: reasons for the PPF to shift

A: Since you have asked multiple questions, we will answer the first question for you.   Production…

Q: On the distant planet of Blompf, there are two types of citizens: Strongs are good at manufacturing…

A: Production possibility curve shows the different combinations of two goods that can be produced with…

Q: opportunity costs in Portugal of producing a bushel of wool

A: Opportunity cost is the cost of next best alternative use. It is the cost which a person or business…

Q: Explain how scarcity is the common foundation for PPCS and comparative advantage

A: Scarcity is a fundamental concept in economics that means the condition where resources, including…

Q: (a) On two separate graphs sketch the initial PPF for the two countries with Food on the x-axis. (b)…

A: Given information:   Peru can produce either 7,523 units of food or 17,853 units of fuel using 8000…

Q: What does the shape of the PPF curve drawn suggest about the opportunity cost of producing ONE more…

A: A production possibility curve is a graph that depicts the many combinations of two items that can…

Q: Illustrate and explain the impact on the PPF of an improvement in the technology for producing white…

A: The production possibility frontier depicts the combination of two goods that can be produced using…

Q: How can a person who is “better” or more efficient (having an absolute advantage in the production…

A: Absolute advantage refers to a situation in which one individual, business, or country can produce a…

Q: Illustrate the concept of economic growth on the PPC. Describe at least 2 factors that could cause…

A: Production possibility curve shows the trade off between 2  goods or services.

Q: Describe how each of the following would affect Bangladesh PPF: a) more job opportunities in Dhaka,…

A: In business/microeconomics, the PPF is a line/curve that represents the varieties in the sums that…

Q: Show, using a curved PPF, what would happen if there was a terrible natural disaster that destroyed…

A: PPF curve is a curve that shows the various level of combination of two goods that an economy can…

Q: a)Identify an example of absolute advantage relative to the United States from your data tables. Be…

A: (a) The U.S take a shorter time to produce the products like corn, citrus, apparel, and computer…

Q: What two things must change or be improved to move a PPC out?

A: The production possibilities curve or PPC is a diagrammatic representation of the combination of two…

Q: Consider a production possibilities frontier (PPF) for Japan in its scheduled Tokyo 2020 Summer…

A: The production possibility frontier (PPF) represents the bundles of commodities that a nation can…

Q: 2. Suppose the below PPF represents the production options for Milan. 30.000 Food

A: PPF Frontier: The production possibility frontier refers to the curve that shows the various…

Q: Consider the PPF of a country with movies on the horizontal axis and computers on the vertical axis.…

A: Production Possibility Frontier refers to the curve that shows different possible combinations of…

Q: use a diagram to ishow how ppf illustrates the loss of resources for a country

A: PPF or Production Possibility frontier gives the possible combination of goods that can be produced…

Q: what accounts for the shape of the PPC? In other words, what is it about the relationship between…

A: The production possibility frontier (PPF) is a curve on a graph that delineates the potential…

Q: Show on the PPF how both Germany and France gain from trade. B) How many units of apples and…

A:

Q: What happens to the PPF curve? Also, from the list provided, please choose an explanation as to why…

A: The production possibility curve shows the different combination of two inputs that produce the…

Q: Answer the attached question

A: Production possibility frontier (PPF) refers to the combination of two goods that a country can…

Q: Due to the pandemic, as economic activity for most countries decreases, what will be the impact on…

A: STEP:1 The production possibility frontier (PPF) shows the amount of two goods that can be produced…

Q: State three reasons for the PPF to shift to the right or left.

A: Production possibility frontier illustrates the combinations of quantity of two goods that can be…

Q: Suppose that Freedonia and Desonia agree to trade. Each country focuses its resources on producing…

A: Comprehending Advantage in the Competitive World Comparative advantage is a critical concept in…

Q: Describe how each of the following would affect Bangladesh PPF using relevant graph: a) more job…

A: Production possibility frontier shows the different possible combination of inputs that gives the…

Q: Maldonia Desonia 48 48 42 42 36 36 PPF 30 30 24 24 18 PPF 18 12 12 --- -- --- -- 6 6 12 18 24 30 36…

A: Without trade, a country consumption and production point remains the same but with trade,…

Q: Show how the PPC changes given the following events by drawing in a new PPC. I have completed the…

A: A PPC is a graphical representation of the various combinations of two items that can be created…

Q: Due to specialization and trade, Country 2 will be able to consume an extra  ________ units of Good…

A: Theory of Comparative advantage analyses the economy's ability of a country to produce a particular…

Q: Consider an economy which uses all its resources to produce national security and consumer goods.…

A: Answer: Introduction: PPF (production possibility frontier): It refers to the curve that shows all…

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.