dariuswalker2499 dariuswalker2499
  • 03-02-2020
  • Business
contestada

A point outside the production possibilities curve represents a combination of goods that is

Respuesta :

henrydesanta
henrydesanta henrydesanta
  • 13-02-2020

Answer:

A production combination outside of the PPF is unattainable by the economy with the given resources and technology.

This represents the Concept of scarcity in economics.

If the economy wishes to achieve the production point outside the frontier, they will have to enhance the production possibility capacity by introducing new technology or finding new resources.

Explanation:

Answer Link

Otras preguntas

time is measured in​
Henry has to wrap five presents for a birthday party and has a length of ribbon to make bows for the presents. He cuts the ribbon into eight equal lengths and
Which is a feature of descriptions?
Stained glass consists of colored dyes mixed with silicon dioxide molecules. Variations in the color of the glass occur because the dyes often do not mix comple
determine the median of the following numbers 8, 11, 11, 13, 12, 15, 16, 16, 18, 21
How did the oil embargo affect the prices of goods?
5. Which lottery payout scheme is better? Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or
world war 11 and the cold war unit test
what two ways in which teens are susceptible to tobacco advertising?
Anana made a drink out of 3 gallons of juice and 10 quarts of chub soda. How many 10-ounce glasses can she fill completely with the drink?