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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Answer:
A person who speaks for a group of people is called an advocate.
Explanation:
The Boston Tea Party was an event during which crates of tea were thrown from ships into the river at the Boston harbor. This was done as a sign of protest against the British government and initiated the Independence war.
Roosevelt's used pragmatism to address great depression.
<u>Explanation:</u>
Pragmatism is to try new methods and theories to find solutions to a particular problem. If a theory or a method helps to solve that problem, it is accepted but if that method fails, then some other method is to be selected to solve that problem.
This was the method that was used by Roosevelt to deal with the problem of great depression. They keep trying the methods till you reach the most appropriate method to deal with the problem.