A friend says that the economy will produce inside the PPF curve (like pt E below) since we in the economy value
saving, or for some other reason. You say this is incorrect. Why? Use precise economic logic in your answer.

Posted Date: 9/26/2012 11:29:41 PM | Location : United States

Ask an Expert

Related Discussions:- Production Possibilities Frontier, Assignment Help, Ask Question on Production Possibilities Frontier, Get Answer, Expert's Help, Production Possibilities Frontier Discussions

Write discussion on Production Possibilities Frontier
Your posts are moderated

Write your message here..

Related Questions

Find the equilibrium quantity, Find the Equilibrium Quantity In a smal... Find the Equilibrium Quantity In a small town only two candy shops operate and they compete with each other in quantity. Consumers do not differentiate between candies sold by

Normal population standard deviation, A normal population has a mean of 12.... A normal population has a mean of 12.2 and a standard deviation of 2.5. A) Compute the Z value associated with 14.3. B) What proportion of the population is between 12.2 and 14.3.?

GDP and GNP, y explain whether you agree or disagree with the following sta... y explain whether you agree or disagree with the following statements. “If nominal GDP is less than real GDP, then the price level must have fallen during the year.”

Theories of international trade, comparison between neoclassical factor end... comparison between neoclassical factor endowment theory of international trade and classical labor cost theory of comparative advantage

Wi cost of debt and wacc, hi I just found an interesting problem on your pa... hi I just found an interesting problem on your page,(wood investments ... Mutch PLC) I would like to see the answer Could you please give me a quote for the answer?

State about the interest rates, State about the Other interest rates Th... State about the Other interest rates There are many other interest rates in a society. For example, you will earn interest when you deposit money in a bank account and you will

Organizational design, discuss approach to organizational design discuss approach to organizational design

Should US laws be changed to require a shorter work week and, One constrain... One constraint in our economy is time. As a society, we make choices about the allocation of time between work and other pursuits. In the US, most workers are eligible for overtime

Microsoft stock buy call options, Suppose you buy call options on Microsoft... Suppose you buy call options on Microsoft stock. Each option costs $2 and has the strike price of $40 and the expiration date July 1. Discuss whether you would exercise the options

Perfect competion, discuss the contention that the existance of a labour ma... discuss the contention that the existance of a labour market in a perfect competion is a fallacy