home work help ---economics?

M

Manpst

New member
how would the following events be shown using a production possibilities curve for shelter and food?

a. the economy is experiencing double-digit unemployment
b.Economic growth is increasing at more than 5 percent per year.
c.Society decides it wants less shelter and more food.
d.Society decides it wants more shelter and less food.
 
a. The economy is operating at less than full employment; this would be shown as a point inside the PPC

b. Production possibilities are increasing; this would be shown as a new PPC curve outside the existing one

c. The economy would be operating at a point closer to the food axis, farther from the shelter axis

d. The opposite of c. , the economy would be operating at a point closer to the shelter axis, farther from the food axis
 
a. The economy is operating at less than full employment; this would be shown as a point inside the PPC

b. Production possibilities are increasing; this would be shown as a new PPC curve outside the existing one

c. The economy would be operating at a point closer to the food axis, farther from the shelter axis

d. The opposite of c. , the economy would be operating at a point closer to the shelter axis, farther from the food axis
 
a. The economy is operating at less than full employment; this would be shown as a point inside the PPC

b. Production possibilities are increasing; this would be shown as a new PPC curve outside the existing one

c. The economy would be operating at a point closer to the food axis, farther from the shelter axis

d. The opposite of c. , the economy would be operating at a point closer to the shelter axis, farther from the food axis
 
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