Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. a explain how the following situation would affect a nations production possibility curve a switch to online delivery increases access to education in a

1. a explain how the following situation would affect a nations production possibility curve

a switch to online delivery increases access to education in a nations collages and university. what happens to ppf and explanation

b. explain how the following situation would affect a nations production possibility curve

the quality of education in the nations collages and university increases greatly . what happens to ppf and explanation

2. carefully explain what is happening in the following markets. indicate the impact if any on demand, supply, price and quantity:

a) in the market for airline tickets, airline cariers have drastically cut fares for international travel resulting in 3% increase in ticket sales. meanwhile, recent health considerations due to covid 19 have caused an 11 % reduction in the demand for international travel.

b) in the market for housing, house prices are expected to increase significantly in the near future

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economic Consequences Of The Peace

Authors: John Maynard Keynes

1st Edition

1420905856, 9781420905854

More Books

Students also viewed these Economics questions

Question

How can assertiveness help you cope with anger? Critical T hinking

Answered: 1 week ago

Question

What does this look like?

Answered: 1 week ago