ilmscore | Macroeconomics / Production Possibilities Curve Predictions
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Macroeconomics / Production Possibilities Curve

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Recent Predictions

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Prediction
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Video
If a country moves from recession and unemployment to a strong economy with full employment, the economy will shift from an inefficient point inside the Production Possibilities Curve (PPC) to an efficient point on the curve; the PPC itself will not shift outward.
"Show what will happen on this graph when a country goes from having a recession with a lot of unempl..."
Jacob Clifford Jacob Clifford
Aug 5, 2024
Pending
NEW- Macro Unit 1 Su...
An increase in the number of workers, improved worker quality (human capital), or more physical capital will cause the entire Production Possibilities Curve (PPC) to shift outward to the right, making previously unattainable production combinations possible.
"But if we did have more workers, or better workers, or more physical capital then the entire product..."
Jacob Clifford Jacob Clifford
Aug 5, 2024
Pending
NEW- Macro Unit 1 Su...