Respuesta :
Answer:
An increase in the quality of education would increase human capital. This would lead to an outward shift of the production possibilities curve
b. If the number of unemployed workers increases, there would be no change in the labour force. the production possibilities curve would not be affected
c. The new technology is technological advancement. Technological advancement leads to an outward shift of production possibilities curve
d. The earthquake would destroy capital stock and resources needed in the production process. As a result, production possibilities curve would shfit inward
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
The explanation regarding production possibilities curve should be explained below:
The following information should be considered:
a. With the increase in quality of education. The PPC will shift outwards.
B. The number of unemployed workers increase so the output will decline becasue of under utilization of available resources. But this will not have any impact on the location of the PPC.
C. A new technique will increase the output therefore, PPC will shift outwards.
D. Earthquake has destroyed a number of plants so the Production will decline. Hence, PPC will shift inwards.
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