The figure above shows a country's production possibility frontier (PPFA).ВPPFAPPFBThe country's PPF shifts from PPFA to PPFB, and moves from Point 'A' to Point 'B'. Which eventcould explain this move?O The country acquired new technology in its major industries.O The country is recovering from a recession.The country decreases its capital-to-labor ratio.O The country utilizes its excess labor.Match each letter to the input it represents.Choose ]Human capitalLaborNatural capitalLAnimalsNatural resources and laborLabor and landLand and natural resourcesHPhysical CapitalEntrepreneurship/ AutomationKChoose ]AChoose ]Use the lecture video and slides to fill in the blanks.The catch-up effect is why poor countries growfaster than rich ones. This is because developing countriesto make their inputsmore productive; whereas developed countries mustto increase growth.

The figure above shows a country's production possibility frontier (PPFA). B A PPFA PPF The country's PPF shifts from PPFA to PPFB, and moves from Point 'A' to Point 'B'. Which event could explain this move? The country acquired new technology in its major industries. The country is recovering from a recession. The country decreases its capital-to-labor ratio. The country utilizes its excess labor.

The figure above shows a country's production possibility frontier (PPFA). B A PPFA PPF The country's PPF shifts from PPFA to PPFB, and moves from Point 'A' to Point 'B'. Which event could explain this move? The country acquired new technology in its major industries. The country is recovering from a recession. The country decreases its capital-to-labor ratio. The country utilizes its excess labor.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter2: Production Possibilities Frontier Framework

Section: Chapter Questions

Problem 9QP

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