--%>

Graphical illustration of Production Possibilities Frontiers

I have a problem in economics on Graphical illustration of Production Possibilities Frontiers. Please help me in the following question. The production possibility frontier graphically elucidates the: (1) actual rate of the growth of an economy. (2) Present output level of an economy. (3) Stage of real GDP per capita. (4) Potential output level of economy.

   Related Questions in Econometrics

  • Q : Confronting the problem of US scarcity

    The main mechanism employed in United States to confront the problem of scarcity is: (1) The market system, that relies on prices to the direct production. (2) The mixture of brute force and tradition. (3) Arbitrary selection, however queuing as well

  • Q : Command economies-Unemployment or

    The Command economies might suffer from inflation and unemployment, however a market system guarantees: (1) Price level stability. (2) Full employment. (3) Equity in distributing the income. (4) Quick and constant economic growth. (5) None of above.

  • Q : Slower rates of economic growth In the

    In the production possibility frontier model, a society which presently selects higher levels of consumer goods and some capital goods outcomes in: (i) Higher rates of unemployment in future. (ii) Enhanced economic efficiency. (iii) Slower rates of th

  • Q : Allocative Mechanisms-Inheritances of

    The Feudal society in which a ‘divine right’ to govern arose via inheritances of such titles as ‘king’ or ‘queen’ relied relatively greatly on an allocative method of: (i) Enthronement. (ii) Secularism. (iii) Merito

  • Q : History of US economy Shortly prior to

    Shortly prior to the onset of World War II, the U.S. economy: (1) Operated on the edge of its production possibilities frontier. (2) Was slothfully recovering from huge unemployment. (3) Expanded fast to accommodate the electrification and jet flight.

  • Q : Distribution In the quintile

    In the quintile distribution of income, the term "quintile" represents?

  • Q : Diminishing Returns for different kinds

    The Standard economic suppositions recommend that the production possibilities frontiers are concave from beneath [from origin] mainly because: (i) People desire additional units of a good less the more of good they encompass. (ii) The relative produc

  • Q : History of USSR market forces From the

    From the year1960s to the 1980s, the government of: (i) England employed socialistic imperialism to reclaim the former colonies. (ii) El Salvador and Nigeria were conquered by the communist revolutions. (iii) The US expanded regulation, whereas the USSR rousingly reli

  • Q : Discuss everyday forms of peasant

    discuss everyday forms of peasant resistance in mughal india

  • Q : Equality in the distribution of income

    The real economic growth and development are evaluated by the changes in total value which people place on their income and doing the things they enjoy. The real sources of growth would not comprise: (1) The profits in consumption which are made acces