Production Possibilities Frontier, Macroeconomics

Assignment Help:
A friend says that the economy will produce inside the PPF curve (like pt E below) since we in the economy value
saving, or for some other reason. You say this is incorrect. Why? Use precise economic logic in your answer.

Related Discussions:- Production Possibilities Frontier

Intertemporal choices , ) Consider an economy where individuals live for 2 ...

) Consider an economy where individuals live for 2 periods and have prefer- ences represented by ln(c) + ß ln(c') where c and c' represent consumption in the first and second perio

Abnormal profits, explain the terms abnormal profits and normal profits

explain the terms abnormal profits and normal profits

Balance of payments, state and explain two factors that cause the shifts in...

state and explain two factors that cause the shifts in the balance of payments curve.

Evaluate the additional social loss, A monopoly has a total cost function o...

A monopoly has a total cost function of C(Q) = 8Q and faces a market demand Q = 100 ? 2p, (a) calculate the deadweight loss; (b) The firm now spent an amount equal to half of

Average price of a textbook, The demand for textbooks is Q=200-P+25U-50Pbee...

The demand for textbooks is Q=200-P+25U-50Pbeer. Assume that the unemployment rate U is 8 and the price of beer P beer is $2. When the average price of a textbook is P=$100, the el

plot the aggregate demand, The economy of Mainland has the following aggre...

The economy of Mainland has the following aggregate and aggregate supply schedules:                               Real GDP Demanded                         Real GDP Supplie

Employment population ratio, The employment-population ratio gives the numb...

The employment-population ratio gives the number of people: Select one: a. working. b. working as a percentage of the number of people available to work. c. in the labor force.

State the private sector in the circular flow, State the Private sector in ...

State the Private sector in the circular flow Private sector total income is known as the national income. As private sector receives entire return from the factors of prod

International trade, how to maintain equilibrium gdp in foreign trade

how to maintain equilibrium gdp in foreign trade

Franchises ensure appropriate international markets, How can franchises ens...

How can franchises ensure their products are appropriate for international markets?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd