If an important resource, such as oil, becomes unavailable, the production possibilities curve a. shift inwards.
"The production possibility frontier (PPF) is a curve on a graph that depicts the possible amount that can be produced or made of two products, if both are based upon the same limited resource for their creation. The Production Possibility Frontier is also termed as the production possibility curve. If it shifts inwards, it means the economy is shrinking due to a collapse in issuing resources and production capacity."
"The production possibility curve (PPC )is necessary because it helps in indicating the maximum possible production of items , in fixed resources. In macroeconomics, economists study and support a country or other organization's economic activity with its help."
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The answer is the one that starts with: to exchange ideas and services.
Yes, Martin Luther King, Jr. Day!
The right answer is A. the Mississippi River to the Rocky Mountains.
The Louisiana territory, initially populated by Indians, then settled by the French, had been ceded to Spain in 1763. Since that time the dream of retaking Louisiana had stirred the French, and the audacious general Napoléon Bonaparte had retrieved it for France from his Spanish allies in 1800. Napoléon was willing to sell the Louisiana Territory because his French army in Saint-Domingue (Haiti) had been decimated not only by a massive slave revolt but also by yellow fever. Concerned about financing another round of warfare in Europe, Napoléon decided to cut French losses in the Americas by selling the entire Louisiana Territory and thereby gaining cash for his ongoing war with Great Britain. Great Britain. By the Treaty of Cession, dated April 30, 1803, the United States obtained the Louisiana Territory for about $15 million.
