Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Production Possibilities Frontier (PPF)
The PPF curve exhibits the probable combinations of goods and services accessible to an economy, given that all productive resources are completely and efficiently employed. When the economy is at point i, resources are not completely employed and/or they are not used effectively. Point g is desirable as it gives more of both the goods, but not achievable by given the amount of resources available. Point d is one of the like combinations of goods manufactured when resources are completely and efficiently employed.
Scarcity and the PPF
To enhance the quantity of farm goods by 10 tons, we should sacrifice 100 tons of factory goods. The PPF curve is bowed out as resources are not fully adaptable to the manufacturing of the two goods. As we raise the production of one good, we sacrifice subsequently more of the other.
What defines the fact that the value of global production has grown by a factor of 4.6, while the value of global production per capita has grown by a factor of 2? The enhance
Ask question how do I find the Price
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
The Money Multiplier is explained below: If you see carefully, the money multiplier is nothing but an inverse of a reserve ratio. Therefore, we can write MM = 1/rr, where rr is
what are the advantages of a monopsonistic labour market
Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? Answer The term externalities refers to bot
disadvantages of monopsony
Aspects to promote administrative reforms: Following aspects to promote administrative reforms: 1) A closer focus on results in terms of efficiency and effectiveness, and
Problem 1: i) Is Protectionism always beneficial? Discuss. ii) To what extent can a country actually rely on the principle of Comparative advantage before engaging in in
1. Describe why government regulation is required, citing the major reasons for government involvement in a market economy. 2. Justify the rationale for the intervention of gove
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd