The Lunar Society meet monthly during a full moon to have a lavishly large conversations and debates and gather. They used the Lunar Room on a full moon to have advantage of all of the light possible.
The production possibilities decrease as more resources and better technology are utilized. is a false statement.
<h3>What happens to production possibility curve when technology of production improves?</h3>
There is said to be a Shifts in Technology and this is one that tends to that improves the productivity of workers and thus it is good.
This action above tends to make output to increase, so the production possibilities curve tend to shifts outward, or to the right.
Therefore, The production possibilities decrease as more resources and better technology are utilized. is a false statement.
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The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon stock of productive factors. The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period.
In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis. For the products with greater elastic supply, the supply curve is shallower near to horizontal factors, whereas for products with less elastic supply, the supply curve is steeper the closer to vertical.
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The escalator was important because during the 1890’s the huge buildings with 20 floors was incredibly difficult for people to walk up on on a daily basis so it was important that they found a solution to that problem
The British offered freedom to the slaves, if they left their masters. They lied. The British thought that if they could start a mass desertion of slaves, it would cripple the colonist's economy and the colonist would be forced to surrender. Food would be scarce due to no slaves laboring in the fields, planting, harvesting, etc.
