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A point below the production possibilities curve (PPC) indicates that resources are not being fully utilized. This could be due to unemployment, inefficiency, or resources being used in a suboptimal way. The economy is operating below its maximum potential output.
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What does mean nadir view?
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What do v shaped contour lines indicate when they point donwhill when they point uphill?
When V-shaped contour lines point downhill, they indicate a valley or depression on the map. When they point uphill, they indicate a ridge or hill on the map.
Why a country may choose to produce below its production possibility curve?
A country may not choose to produce below it's ppc but the situation in that country derive it to do so
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
What is the Specific gravity of ppc?
Specific gravity of ppc is 3.15
When was PPC worldwide created?
PPC worldwide was created in 1942.
When was Ppc Racing created?
Ppc Racing was created in 1993.
When was PPC Journal created?
PPC Journal was created in 1974.
When did Ppc Racing end?
Ppc Racing ended in 2007.
Where can I find more information on ppc?
You can find more information on ppc at: http://www.wordstream.com/free-ppc-tools-information
Will economic growth necessarily involve a parallel outward shift of the production possibility curve?
Any time the PPC curve shifts outward it indicates economic growth, however reaching a point outside of an PPC can be reached by using trade.
What does PPC stand for in economics?
PPC stands for Production Possibility Curve.
What impact does unemployment has on production possible curve?
Unemployment itself is one of the factors as to why the Production Possibility Curve (PPC) is what it is - a frontier where production cannot occur outside of. If unemployment increased, you would see decreases of the the PPC at any given point, that is, closer to the origin.
