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In Chapter I we learned about the production possibility curve and what can cause the production possibility curve to shift outward, or to the right.
In Chapter I we learned about the production possibility curve and what can cause the production possibility curve to shift outward, or to the right. If the production possibility curve for the highly skilled country of Techie has the quantity of watches created per period on the y-axis and the quantity of cars manufactured per period on the x- axis, answer the following question. Based on the following changes in society, rank the changes in terms of greatest to least impact on the PPC and briefly explain your reason for your ranking. 1) An increase in the labor force because of immigration 2) A new school opens that focuses on watch making 3) An increase in computer technology
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