Economy, asked by varshinii, 7 months ago

explain why the ppf is convex?

Answers

Answered by Anonymous

1

Answer:

The production possibility curve is convex outward from the origin because some of the economy's resources are better able to produce good X than good Y while other resources in the economy are better able to produce good Y than good X. ... Capital resources, can be assumed to be equally able to produce food or housing.

Previous Question

Next Question

Similar questions

Science, 3 months ago

(10) Against which factors does cell wall protect plant cells ?( in 2 lines)...

Social Sciences, 3 months ago

FILL IN THE BLANKS The Banjaras usually moved with... of oxen or cames. Guilds of merchants from different kingdoms were called ... in South India. The rulers of the ...... dynasty of Bengal encouraged merchant guilds to participate in overseas trade. The members of the Padma saliyar and Kaikkolar communities were were ...... by profession. Plz answer fast !!!

English, 3 months ago

the weather outside was bright and sunny . true or false statements from chapter b.2 two little kittens ...

Geography, 7 months ago

describe the effect of excessive extraction of groundwater?

English, 7 months ago

(d) All of these B. Very short answer type questions. 1. What is the area of our country? 3,214 km 2. Name the Union Territories of India. 3. What is the north-south and east-west extent of India ? 4. Mention any five neighbouring countries of India. 5. Name the island group lies in the Bay of Bengal.

Business Studies, 11 months ago

Discuss the main source of different between profit shown by financial accounts and profits shown by cost accounts...

History, 11 months ago

Discuss the position of democracy in saudi arabia and modern iraq...

Sociology, 11 months ago

Discuss the impact of peasant movement on rural society...