Posted by trista on Monday, January 12, 2009 at 10:11pm.
In a two-good world, the PPC shows the various maximum amounts of the two goods assuming the economy is producing efficiently. So, an increase in efficiency would shift the curve outward.
Related Questions
Economics - How does a production possibilities curve illustrate how efficient ...
economics - how does production possibilities curve illustrate how efficent an ...
econ - Suppose the country of Maverick has specialized in the production of a ...
Economics - why with international trade, the domestic economy's consumption...
principles of macroeconomics - It is possible for an economy to increase its ...
social studies - Our economy ______ operates on its production possibility curve...
economics - The domestic economy's consumption possibilities curve can be ...
Econ - Suppose a new type of pest, which is immune to existing pesticides, ...
economics - Consider an economy with the production function L^(1/3) a) Derive ...
econ - 1).The unemployment rate inan economy is 8%. The total population of the ...
For Further Reading