Answer: NOT an upgrade of capital to the best available technology..... it possibly is a decrease in the unemployment rate... because with an increase in employment rate u have an increase in factors of production . plant and machinery and new technology; Inward migration of younger, skilled workers; Discovery of new natural resources There are also other factors such as increased labor participation and increases in resources that can shift the PPF outward. D) movement toward the origin. List four ways that the PPF can be shifted outward. Which of the following events would cause a production possibilities frontier to shift outward? A left shift in the production possibility curve may be caused by a reduction in resources or inefficiency. a. Don't use plagiarized sources. So production possibilities curve shift outward. The production possibility frontier will shift outward for all of the following from TEST BANK 132 at DeVry University, New York [Answer] The PPF will shift outward for which reason? B) production possibility frontier to shift inward. An increase in the capital stock and advance in technology, both cause production possibilities increase and make the production possibilities curve shift outward. D) closer it will come to having a comparative advantage in the production of all goods. ... a. seems legit, but c is a better answer. A production possibilities frontier is bowed outward when the estimated worth of tradeoff between two products are being manufactured depending on how much of each item is being made. These tradeoffs are present both in individual choice and in the production decisions of entire economies.. An outward shift of the production possibilities curve represents. So far, we've talked about Econ Isle's possibilities up to its frontier, but the frontier line itself can shift. A production possibilities frontier with a bowed outward shape indicates an increase in opportunity costs as more and more of one good is produced. B) must decrease the future production of consumer goods. For example: Steel was being used to produce the product, but now the supply of steel in the economy has reduced which has caused a reduction in overall production. An increase in the production of capital goods A) must increase the current production of consumer goods. A) tastes and preferences change B) the quantity of money in the economy grows C) prices rise D) human capital accumulates E) the political party in power changes. 20) Consider a production possibilities frontier with corn production … A production possibility frontier (PPF) illustrates the combinations of output of two products that a country can supply using all of their available factor inputs in an efficient way. (y) an increase in immigration of skilled workers from neighboring economies. (z) a resource-saving advance in production technology A. Ways of causing an outward shift of a country’s production possibility frontier: . The shift from a recession toward the frontier is sometimes called an economic expansion. When the number of labor force increases, economy’s possibilities to produce goods and services will increase too. Hypothetically, the production possibilities curve would shift outward if everyone worked more hours and took less leisure time . Answer: B Diff: 2 Type: C 66) An improvement in technology will cause the A) production possibility frontier to shift outward. As it does, the production possibilities frontier for a society will tend to shift outward and society will be able to afford more of all goods. If we were to construct a production possibilities curve for leisure versus other goods, this would be shown as simply a movement along the curve. . The production possibilities frontier shifts outward when _____. However, improvements in productive efficiency take time to discover and implement, and economic growth happens only gradually. As it does, the production possibilities frontier for a society will tend to shift outward and society will be able to afford more of all goods. d would simply change the axes. A. a reduction in inefficiency. The production possibilities frontier will shift outward A. if resources are used to produce consumption goods. 1. economic inflation. One of the central principles of economics is that everyone faces tradeoffs because resources are limited. E. if resources are used to produce capital goods. the entire production possibilities frontier (PPF) to shift outward. An economy’s production possibilities frontier would shift outward as a result of (x) a decrease in the rate of unemployment as more workers became employed. 0 0. The Production Possibilities frontier will shift outward if: A) production occurs outside of the production possibility fronter B) If resources are used to produce capital goods. The production possibilities frontier can shift outward if: all of the above are correct : there is an increase in technology : the government increases the amount of money in the economy : resources can be moved from the production of one good to another: How aqhomework.com works - Subject Economics - 00735026 However, improvements in productive efficiency take time to discover and implement, and economic growth happens only gradually. . B) faster the production possibilities frontier will shift outward. The new innovations that create technological advancements such as new machines and industrial assembly lines increase the rate of production, thus shifting the PPF outward. As it does, the production possibilities frontier for a society will tend to shift outward and society will be able to afford more of all goods. Make the production possibilities frontier outward that everyone faces tradeoffs because resources are.... 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