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Qaagi - Book of Why

Causes

Effects

All factors that causecausea rightward shift in production possibility curve

an improvement in technology 2 - 10 - 2017 production possibility frontier(passive) may be caused byA right shift in the production possibility curve

Improvement in technology : Any improvement in technology will result in a decrease in the cost of productionthus causingan outward shift in the production possibility curve

a reduction in resources or inefficiency for example(passive) may be caused byA left shift in the production possibility curve

what thingscan causea production possibility curve to shift

Economic growthcausesthe production possibility curve to : shift out

The discovery and exploitation of resources in the economywill ... causea shift in the production possibility curve

to increase in productive potential of an economyleadsto increase in productive potential of an economy

from technological changeresultsfrom technological change

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 an increase in resource quantity or quality or an improvement in technologyresultsfrom an increase in resource quantity or quality or an improvement in technology

to idle resourcesleadingto idle resources

from an increase in resource supplies or quality or an improvement in technologyresultsfrom an increase in resource supplies or quality or an improvement in technology

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

dramatic decreases in the supplies of civilian goodswould causedramatic decreases in the supplies of civilian goods

from an increase in resources supplies or quality or an improvement in technologyresultsfrom an increase in resources supplies or quality or an improvement in technology

a productdesigneda product

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