A production possibilities frontier (PPF) is a function that shows the different combinations of two goods that can be produced by a country, firm, or any other economic agent, given a fixed initial endownment of factors of production that is totally consumed. Therefore, the points in the function take the following form: (x ,y)= (quantity produced of good x, quantity produced of good y).
The PPF function also represents two crucial economic concepts: efficiency and opportunity cost. The opportunity cost is defined as the value of the best alternative rejected when making a decision. When moving along the PPF line, if a combination is chosen so that a extra unit of good x is produced, some units of good y need to be given up (due to the fixed amount of inputs available). Those given up units would constitute the opportunity cost.
<u>Combinations of x and y located along the curve are efficient because they represent output quantities obtained by using the whole factor endowment available.</u> Points located below the curve are considered inefficient because they represent inferior levels of production than the ones that could be generated given the amount of resources available. On the other hand, points located above the PPF curve are impossible, because they represent bundles of x and y that cannot be manufactured given the initial endowment of resources.
A, These civilizations had fertile land from the river that had a lot of minerals
I believe the answer is: because metabolic reactions proceed too fast or slow
because of this, the Body temperature would be changed along with it. When the metabolic reactions proceed too fast, the body temperature of the person would increase above normal. When the reactions are too slow, the temperature would be reduced below normal.
The mandate for the monetary policy goals that has been given to the federal reserve system is an example of a <u>dual </u>mandate.
The Federal Reserve Act mandates that the Federal Reserve conduct economic policy "if you want to sell efficiently the dreams of most employment, stable expenses, and mild long-time period hobby quotes."1 even though the act lists 3 wonderful dreams of monetary coverage, the Fed's mandate for financial coverage is not unusual.
The goals of monetary policy are to sell most employment, solid expenses, and mild lengthy-time period interest costs. by way of enforcing powerful monetary coverage, the Fed can hold strong prices, thereby helping conditions for lengthy-term monetary increase and maximum employment.
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Both were in India
were very war like
