WebbThe production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. … Webb(d) Analyse, using a production possibility curve diagram, how the discovery of new oil reserves would affect an economy. [5] (e) Discuss whether a firm would benefit from a fall in its country’s exchange rate. [5] (f) Explain, using information from the extract and Fig. 1, what might have happened to the market for steel in China in 2015. [4]
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WebbThe Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used to … Webb13 jan. 2024 · The second meaning of economic growth is an increase in what an economy can produce if it is using all its scarce resources. An increase in an economy’s productive potential can be shown by an outward shift in the economy’s production possibility frontier (PPF). The simplest way to show economic growth is to bundle all goods into two basic ... toxins in cigarettes list
What Is the Production Possibilities Curve in Economics?
WebbThe supply and demand of ecosystem services are affected by land use. Only a few studies have conducted in-depth quantitative analyses. This study adopted the Beijing–Tianjin–Hebei region as the research area. The CLUMondo model was adopted to infer the land-use pattern under protection, development, and natural scenarios in 2035. … Webb2(c) Analyse, using a production possibility curve (PPC) diagram, the effect of an increase in unemployment on an economy. Up to 4 marks for the diagram: Axes correctly labelled (1). Curve drawn as a curve or downward sloping line to the axes (1). Two production points shown – one on or to left of PPC Webb3 (a) Explain with the help of a diagram why production possibility curves are usually drawn with increasing opportunity costs, and show how they can be used to illustrate scarcity. [8] (b) Discuss whether it is likely that economies that have an increase in labour and a high rate of toxins in coconut