--%>

Efficiency of production possibilities frontier

I have a problem in economics on Efficiency of production possibilities frontier. Please help me in the following question. The production possibilities frontier supposes: (i) Proficient utilization of fixed resources and technology. (ii) A totally homogeneous resource base. (iii) Variable resources and underemployment. (iv) Full employment and technological progress.

   Related Questions in Econometrics

  • Q : Problem on relative household incomes

    The most complex concepts to exemplify with a graph of a production possibilities frontier would be: (1) Associative prices and opportunity costs. (2) Productive inadequacy and unemployment. (3) Scarcity and choices. (4) Diminishing returns. (e) Assoc

  • Q : Increasing Costs-Opportunity costs

    Since clothing output expands from 0 to 100, then the opportunity cost per unit of extra clothing: (i) Increases. (ii) is zero. (iii) Drops. (iv) Is constant. Can someone please help me in finding out the accurate answer from the a

  • Q : Diminishing Returns-Concave from origin

    The inevitability of ultimately raising opportunity costs might be employed to explain why: (1) Scarcity is the worsening problem in industrial societies. (2) Production possibilities frontiers are concave from origin. (3) Services cost more than good

  • Q : Effects of reduced production on Income

    Can someone help me in finding out the right answer from the given options. Relative to the market system, allocation of resources and goods strictly according to requirements or to equivalent shares will most likely outcome in: (1) Decreased production. (2) Accelerat

  • Q : Problem on suppliers or entrepreneurs

    The fundamental issue of how production will be systematized in a market economy is most directly and instantly recognized by: (i) Govt. officials. (ii) Economic fore-casters. (iii) Suppliers or entrepreneurs. (iv) Worker committees. (v) Consumers.

    Q : Parallel outward shift of production

    The parallel outward shift of the whole production possibility frontier signifies that: (i) Unemployment have been removed. (ii) The resources are more efficiently employed. (iii) An economy can generate more of one good. (iv) An economy can generate

  • Q : Population groups-Growth and Development

    The normative propositions of economic growth are most significant if its advantages and costs are: (i) Similar with present income distributions. (ii) Distributed evenly among different population groups. (iii) Distributed unevenly among different po

  • Q : Significant economic roles The ‘mixed

    The ‘mixed economy’ is one which is characterized by: (1) A diverse industrial base employing different applied technologies. (2) Significant economic roles for both private and public sectors. (3) Regional industries with intrastate and inter trade. (4) B

  • Q : Problem regarding opportunity cost In a

    In a completely employed economy, the reduction in an output for one good which is needed to raise the output of another good: (1) Symbolizes an opportunity cost. (2) Makes society inferior off than before. (3) Enhances economic welfare. (4) Needs tec

  • Q : Problem on Converging Systems I have a

    I have a problem in economics on Converging Systems. Please help me in the following question. The United States free market system: (1) Is a purely laissez-faire system. (2) Consists of complete and well stated property rights. (3) Has been largely u