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Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point ...

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Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point ...

Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point below that PPF. Assuming that the PPF has not shifted, this could be due to

▸

a gain of resources.

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a loss of resources.

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technological improvement in the production of both goods.

▸

an increase in unemployment of some resources.

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Economics

Edition: 12^th

Author: Arnold

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maryanne.jones3 Author

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A year ago

Correct

Kstan109

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this is exactly what I needed

nadiia

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Thanks for your help!!

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