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Home Q & A Board Other Fields Homework Help Business Economics
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scigeekalic scigeekalic
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2 months ago

Some of our farm fields are being left unused. Does this have any implications for the economy's PPF diagram (with agricultural products on one axis and all other products on the other axis)?



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No implications, because the PPF deals only with resources in use.



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The PPF cannot be drawn if some resources are idle.



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With unemployed resources, we are at a point below the PPF.



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The PPF would be upward sloping.

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Economics

Economics


Edition: 12th
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apontea13apontea13
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With unemployed resources, we are at a point below the PPF.
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scigeekalic Author
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2 months ago
Smart ... Thanks!
kiara23247843
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Yesterday
this is exactly what I needed
spaghetti
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2 hours ago
Thanks
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