1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Georgia [21]
4 years ago
11

Suppose the United States can produce two goods, cloth and tea. Suppose there was a technological breakthrough in making cloth O

NLY. Would the PPF curve shift inward or outward in this case and can we indirectly allocate resources from cloth to tea production along the new PPF curve? Explain. Please draw and the label the initial PPF curve PPF 1 and then please draw the new PPF curve PPF 2. Please draw an arrow to indicate the shift in the PPF curves. Also, put tea on the y-axis and cloth on the x-axis.
Business
1 answer:
Maksim231197 [3]4 years ago
5 0

Answer:

PPF will rotate rightward by  technological breakthrough in making cloth only

Explanation:

PPF is the graphical representation of two goods, that an economy can produce with given resources & technology.

If there is a technological breakthrough in only one good (cloth here) in economy (US here). The new PPF shift outward (rightwards or upwards) only on the axis representing that particular good (on x or y axis respectively). As cloth is on x axis, the PPF will rotate rightward by technological breakthrough in making cloth only.

Yes, on new rightward rotated PPF also, cloth & tea can be traded off, but at an altered slope & marginal opportunity cost (sacrifise ratio).

You might be interested in
The following information was available for Kingbird, Inc. at December 31, 2017: beginning inventory $70000; ending inventory $1
photoshop1234 [79]

Answer:

Inventory turnover ratio = 7.2 times

Explanation:

Given:

Beginning inventory = $70,000

Ending inventory = $108,000

Cost of goods sold = $644,000

Sales = $888,000

Find:

Inventory turnover ratio

Computation:

Average inventory = [Beginning inventory + Ending inventory] / 2

Average inventory = ($70,000 + $108,000) / 2

Average inventory = $89,000

Inventory turnover ratio =  Cost of goods sold / Average inventory

Inventory turnover ratio = $644,000 / $89,000

Inventory turnover ratio = 7.2 times

5 0
3 years ago
State-approved riots in which russian mobs brutally attacked jewish communities, destroyed homes and businesses and even murdere
Alecsey [184]

The answer is: pogroms

State-approved riots in which russian mobs brutally attacked jewish communities, destroyed homes and businesses and even murdered jews were called: pogroms.

<h3>What Exactly Is Community?</h3>

We are all united by the word "community," which is so straightforward to use. It depicts a situation that is so typical that we hardly ever take the effort to explain it. It looks so basic, normal, and human. As a sign of our sincere intentions, we frequently append it to the names of social developmentintents in the social sector (for example, community mental health, community policing, community-based philanthropy, community economic development).

However, the concept of community is nuanced. And, regrettably, a lack of knowledge about what a community is and its function in the lives of individuals in many civilizations has resulted in the failure of many well-intentioned "community" initiatives.

To know more about civilization visit:

https://brainly.in/question/5598059

#SPJ4

3 0
2 years ago
Mason Mills management works hard to ensure that nobody in its organization has more than one boss and all workers are treated w
anastassius [24]

Answer:

Fayolism

Explanation:

Based on the information provided within the question it seems that the management of Mason Mills reflects the ideas and principles of Fayolism. This is a management theory developed by Henri Fayol, which states 14 principles explaining how management should communicate and lead their workers. Many of which state the importance of organization within the business in order for workers to know who to report to and keep everything running efficiently.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
Your friend is nearing graduation and nervous about living on his own since he grew up in the same town where all his family liv
dezoksy [38]
I think d would be the best answer
4 0
3 years ago
When tires are taxed and sellers of tires are required to pay the tax to the government, Group of answer choices the price paid
lyudmila [28]

The correct option is, the quantity of tires bought and sold in the market is reduced.

<h3>When tires are taxed and sellers of tires are required to pay the tax to the government?</h3>
  • The amount of tires purchased and sold on the market decreases when tires are taxed and tire vendors are compelled to pay tax to the government.
  • The loss of consumer and producer surpluses that are not accounted for in government revenue.

<h3>When a tax is placed on a product the price paid by buyers?</h3>
  • In general, taxes increase the price consumers pay, decrease the price sellers receive, and decrease the amount of goods sold.
  • A tax must result in a deadweight loss if it is imposed on a good and sales volume is decreased.

<h3>What is deadweight loss?</h3>
  • The cost of market inefficiency, which happens when supply and demand are out of balance, is known as a deadweight loss.
  • Deadweight loss, a term mostly used in economics, refers to any deficit brought on by an ineffective resource allocation.

Learn more about taxed here:

brainly.com/question/26316390

#SPJ4

7 0
2 years ago
Other questions:
  • Diplomats typically work overseas. true or false
    5·2 answers
  • A company is considering the purchase of a new machine for $48,000. Management expects that the machine can produce sales of $16
    7·1 answer
  • Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after
    10·1 answer
  • Which of the following is an example of an enterprising career?
    12·1 answer
  • GDP can rise as a result of a rise in __________________, and Real GDP can rise as a result of a rise in _______________________
    14·1 answer
  • The balance sheet of Indian River Electronics Corporation as of December 31, 2017, included 12.25% bonds having a face amount of
    5·1 answer
  • _____ involves a type of quantitative research that systematically manipulates one or more variables to determine which variable
    13·1 answer
  • According to the Sports Business Journal, Levy Restaurants is the leading purveyor of premium food at major sports venues. It ha
    13·1 answer
  • Anna is 88 years old and under the court-appointed guardianship of her daughter. One day Anna receives a telephone call from a h
    7·1 answer
  • A company's structure should be aligned with:________
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!