Question

when does thequality of resources increase​

Answer 1

Answer:

An increase in a resource quality causes an increase (rightward shift) of both aggregate supply curves. A decrease in a resource quality causes a decrease (leftward shift) of both aggregate supply curves. The other two categories of aggregate supply determinants are resource quantity and resource price.

Answer 2

Answer:

The quality of resources which can be improved through investment in education and training is the Human Capital.

Explanation:

• In Microeconomics or Production Economics,human capital constitutes one of the important factors or productive resources used by the firms or companies to produce goods and services and business operation.
• Human capital can be characterized as the essential skills,knowledge,experience of the labor force used in the production process which collectively contribute to the business operation and subsequent economic success of any firm or business organisation.
• Components of human capital can be improved by the firms and business organisation by implementing various on job educational workshops and training which can potentially enhance the professional knowledge and skill level of the existing work or labor force.