Loading ...
When economists collect datato createa production possibilities curve
to illustrate the concept of opportunity cost(passive) is designedThe Production Possibilities Curve
More … economycausesthe production possibilities curve
supply factors(passive) set byproduction possibilities curve
to be continuousto createthe production possibility curve
from a production possibility table(passive) is createdA production possibility curve
In other words , it hasto discoverits production possibility curve
the industrycausesthe production possibilities curve
A more substantial step forward ... independently of Baronediscoveredthe production possibility curve
different output possibilities for two types of productcreatesdifferent output possibilities for two types of product
a graphical representation of the combinations of goods and services an economy can producecreatea graphical representation of the combinations of goods and services an economy can produce
to idle resourcesleadingto idle resources
the curve to shift to NP?A technological progress B unemployment of resourcesC the depletion of natural resourcesD a reallocation of resources8might causethe curve to shift to NP?A technological progress B unemployment of resourcesC the depletion of natural resourcesD a reallocation of resources8
from technological changeresultsfrom technological change
dramatic decreases in the supplies of civilian goodswould causedramatic decreases in the supplies of civilian goods
such a minute movement along the industry demand curvecausesuch a minute movement along the industry demand curve
when all the current resources of the business are at maximumresultswhen all the current resources of the business are at maximum
to a fertile location and their origins and evolution of countriesare ledto a fertile location and their origins and evolution of countries