Cause an outward shift of production possibility curve

Assignment Help Business Economics

Reference no: EM131387196

Which of the following is likely to cause an outward shift of a production possibility curve?

a. An increase in the price of the commondity represented on the horizontal axis

b. A fall in the cost of producing the commodity represented on the vertical axis

c. An improvement in the avaiblable technology

d. A fall in the supply of resources

e. An increase in the supply of unskilled workers

Reference no: EM131387196

Questions Cloud

The effectiveness of any stimulus program depends : The effectiveness of any stimulus program depends on:

Monopolist sells product in two different markets : A monopolist sells a product in two different markets. Demand in the first market is Q = 100 − P. Demand in the second market is Q = 100 − 2P. The firm’s cost function is given by C(Q) = 10Q. Suppose the firm can charge different prices in the two ma..

Unemployment benifits funded by higher taxes on earning : Higher unemployment benifits funded by higher taxes on earning would:

Structures and materials : You are to write up a lab report based upon one of the investigations you will complete during the practical element of this module. Experimental laboratory investigations will be carried out in small student groups – information about group allocati..

Cause an outward shift of production possibility curve : Which of the following is likely to cause an outward shift of a production possibility curve?

The natural rate of unemployment : If policey makers tihink that the natural rate of unemployment is lower than it really is, then their policeies designed to move the economy to the estimated natural rate, if continued over the long run, will:

Decrease in aggregate demand will lead : In the long run, a decrease in aggregate demand will lead to an :

Focuses on influencing the federal funds rate : Explain how a monetary policy that focuses on influencing the federal funds rate can influence other market determined interest rates. Does the existence of federal deposit insurance render the Federal Reserve’s role as a lender of last resort unnece..

Are they worth that kind of money : Talk about the pay for the Disney CEO (earned $34.3 million in fiscal 2013) and Tiger Woods (earned an estimated $78.1 million in 2013). Are they worth that kind of money?

User Account

All Pages