Answer:
The production possibilities frontier shifted inward.
Explanation:
Production possibilities frontier also called production possibilities curve
is based on the assumptions that the available resources in an economy can produce only two commodities, it depicts the number of commodity B the society can forgo in order to produce commodity B, given the available resources.
During the war the productive base of United States was affected negatively as some of the production inputs were destroyed and this reduced the GDP by 30%. Some of the factors that can shift the production possibilities curve inward is natural disaster, war, unemployment and limited money supply.
Answer:
sorry, I can't any answer
Answer:
$80 lost for not working
Explanation:
Opportunity cost refers to the sacrificed benefits as a result of preferring on a particular option over another. As people make choices, the forfeit one option in favor of another. Opportunity cost is the missed value of the next best alternative.
For John, he has a choice between working or going to the concert. He has two tickets worth $50. Working would mean her twice her regular income, which is $20 per hour. If he works for four hours, his total earning will be $80. If John chooses to go to the concert, he will miss the opportunity to earn $80. The opportunity cost will be the missed $80 that he would have received from working.
Set savings and debt payoff goals
Answer:
•Define how you want to be perceived
•Organize your business based on this promise
•Communicate your promise
•Be consistent
( I don't know what is the answer on your second question, sorry! :< )
