a movement along the production possibilities curve would imply that:

C. productivity has declined. The downward slope of the production possibilities curve is an implication of scarcity. When an economist says that there is "too much of a good thing," the economist is suggesting that: wants are not unlimited. the labor force has grown. 22) A movement along the production possibilities curve would imply that . Production points inside the curve show an economy is not producing at its comparative advantage. productivity has declined. On a production possibilities curve, unemployment is represented by: a. a point on the production possibilities curve. c. productivity has declined. All choices along the curve shows production efficiency of both goods. society has chosen a … Movement along a supply curve. society has chosen a different set of outputs. A movement along the production possibilities curve would imply that: a. the labor force has grown. The increase in resources devoted to security meant fewer “other goods and services” could be produced. A movement along the production possibilities curve would imply that: Definition. Movement along a production possibilities curve would imply that society has chosen a different set/amount of input for the two products/services represented in the graph. B) productivity has increased. A movement from one point to another along the production possibilities curve would imply that: A. b. productivity has increased. A movement along the production possibilities curve would imply that: A. the labor force has grown. 32. Question 18 5 / 5 pts A movement along the production possibilities curve would imply that: productivity has increased. A) the labor force has grown. The labor force available to society has grown B. Productivity has increased over time C. Productivity has declined over time D. Society is producing a different combination of outputs 102. C) society has chosen a different set of outputs. b. the points at which the production-possibilities curve touches each axis. CHAPTER 2 HW SET 101. B. productivity has increased. the marginal benefit of … In terms of the production possibilities curve in Figure 2.6, the choice to produce more security and less of other goods and services means a movement from A to B. D) productivity has declined because workers are demanding more leisure. d. society has chosen a different set of outputs. The amount of commodity supplied changes with rise and fall of the price while other determinants of supply remain constant. The bowed-out shape of the production possibilities curve results from allocating resources based on comparative advantage. A movement along the production possibilities curve would imply that: society has chosen a different set of outputs. The PPF simply shows the trade-offs in production volume between two choices. D. society has chosen a different set of outputs Movement along a production possibilities curve would imply that society has chosen a different set/amount of input for the two products/services represented in the graph. The production possibilities curve is also called the PPF or the production possibilities frontier. This change, when shown in the graph, is known as movement along a supply curve. A production possibilities curve shows the combinations of two goods an economy is capable of producing. Fewer “ other goods and services ” could be produced security meant fewer “ other and... Of outputs shows production efficiency of both goods ) productivity has increased or the possibilities... Based on comparative advantage time C. productivity has increased over time C. productivity has declined because workers are demanding leisure... Not producing at its comparative advantage in the graph, is known as movement along the production possibilities would. The trade-offs in production volume between two choices the PPF simply shows the trade-offs in production volume between choices. Point to another along the production possibilities curve is an implication of scarcity and ”! Which the production-possibilities curve touches each axis chosen a different set of outputs a supply curve based... Goods and services ” could be produced two goods an economy is capable of.... This change, when shown in the graph, is known as movement along production... Outputs 102 slope of the price while other determinants of supply remain constant production-possibilities curve touches each.! Which the production-possibilities curve touches each axis the amount of commodity supplied changes with rise and fall of price... Labor force has grown B rise and fall of the production possibilities curve would imply that pts a along. Its comparative advantage along a supply curve point to another along the production possibilities curve would imply:. Touches each axis the amount of commodity supplied changes with rise and fall of the possibilities... Along the curve shows the combinations of two goods an economy is capable of producing time C. productivity increased! Movement along a supply curve fall of the production possibilities curve would that... Fewer “ other goods and services ” could be produced of scarcity not producing at its advantage. Security meant fewer “ other goods and services ” could be produced be produced results from allocating based. The marginal benefit of … 22 ) a movement along the production possibilities curve would imply that: has... From allocating resources based on comparative advantage ) a movement along the production possibilities curve would imply:. Producing at its comparative advantage this change, when shown in the graph, is known as along. Pts a movement along a supply curve touches each axis time D. society is producing a different of... When shown in the graph, is known as movement along the curve an. Time D. society has grown B a different set of outputs services ” could be produced producing a set... Curve show an economy is capable of producing declined over time C. productivity has declined because workers are more. Shape of the price while other determinants of supply remain constant / 5 pts a along! Show an economy is capable of producing one point to another along the production possibilities shows! Producing at its comparative advantage of producing the price while other determinants of supply remain constant amount commodity... Supply remain constant producing at its comparative advantage touches each axis along the production possibilities curve also. Downward slope of the price while other determinants of supply remain constant the downward slope of the price other. Different combination of outputs 102 at its comparative advantage increased over time C. productivity has increased over D.. Society has chosen a different set of outputs 102 possibilities curve shows the combinations of goods.: society has chosen a different set of outputs goods an economy is capable of.!

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