Question
Q1 State and explain seven each positive and negative impacts of a change that shifts an economy's production possibility curve outward have on the long
Q1 State and explain seven each positive and negative impacts of a change that shifts an economy's production possibility curve outward have on the long run aggregate supply curve.
Q2 State and explain ten ways in which improvement in computer technology have affected production,long run supply curve and short run supply curve.
Q3 Use a production possibility model of an economy to illustrate when there is full employment of resources and how a nation will be operating at that given period.
Q4 Use a production possibility frontier to show trade off between the production of cotton and the production of saybeans.
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