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(Solved): What could cause the PPF for a country to shift out? improved technology fewer resources nothing ma ...
What could cause the PPF for a country to shift out? improved technology fewer resources nothing making more of the good on the horizontal axis.
The curved "bowed out" shape of the PPF can be explained by the fact that: as you make more of a good, you start using more and more resources that are less well-suited to its production. some goods cost more to make than others. resources are scarce, so to make more of one thing you have to give up making some of another.
The curved, "bowed out" shape of a typical PPF illustrates that the marginal opportunity cost of making a good increases as you make more of it. the more people have of something the more they want. resources become more scarce as we make more of a good.
The Production Possibilities Frontier illustrates scarcity by it's very existence-it shows that outer limit of what society can produce given its land, labor and capital resources. A point on the interior of the PPF represents an inefficient use of resources, or resources not being fully employed. is not attainable given current resources and technology. is where countries would be forced to consume if they engage in international trade.
Answer : 1) The answer is option A. When technology improve then the production level increase for the country. This shift the country's PPF (Production Possibility Frontier) curve to outward. That means the improved technology shift out the PPF curv