--%>

Parallel outward shift of production possibility frontier

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 more of both goods.

Can someone please help me in getting the accurate answer from the above options.

   Related Questions in Econometrics

  • Q : Problem on combinations of goods The

    The society’s production possibilities frontier exhibits: (1) The varieties of resources accessible. (2) Combinations of goods which an economy can make. (3) Choices devoid of opportunity costs. (4) How production grows as technology progress. (

  • 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 : Allocative Mechanisms-Markets Can

    Can someone help me in finding out the accurate answer from the given options. Production which is most compatible with the consumer tastes and preferences is more probable whenever allocation is decided by: (1) Queuing. (2) Majority voting. (3) Indiv

  • Q : Technology and Economic Growth

    Technological advances in the food production would make it probable to generate: (1) 40 units of food and a few clothing. (2) More than 40 units of food. (3) 70 units of clothing and greater than 20 units of food. (4) All of the above.

    Q : Inward shifts of a production

    The inward shifts of a production possibilities frontier take place if: (i) Markets substitute brute force as the main allocative method. (ii) Technological advances stimulate the entrepreneurial gains. (iii) Investment facilitates expanded the consum

  • Q : Technological advances in allocative

    I have a problem in economics on Technological advances in allocative mechanisms. Please help me in the following question. Not among major kinds of allocative methods would be: (i) Technological advances. (ii) Government. (iii) Queuing. (iv) Traditio

  • Q : Allocative efficiency of economy The

    The economy is allocatively resourceful when the: (1) Economy is mainly based on pure socialism. (2) Growth rate is maximized since investment surpasses consumption. (3) Output mix is on production possibilities frontier and imitates what people deman

  • Q : Fiscal policy Which one of the

    Which one of the following statements about discretionary fiscal policy is correct? A. Discretionary fiscal policy refers to the changes in taxes and transfers that occur as GDP changes. B. Discretionary fiscal policy refers to any change in government spending or taxes that destabilizes the econo

  • 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 : Inefficient economy resources Points

    Points within an economy’s production possibilities curve exhibit combinations of goods which: (i) Can’t be generated, provided the economy’s capacity. (ii) Employ the economy’s capacity proficiently. (iii) Can be generated, ho