SlideShare a Scribd company logo
1 of 1
Download to read offline
if a nation obtains more resources, points that were outside the production possibilites curve
prior to its gaining more resources become
a)attainable b)extraneous c)irrelevant d)obsolete e) harmful
Solution
a) attainable
Production Possibilities Curve
As we produce thousands of different goods and services. To understand the trade-offs faced by
an individual or society we use an economic model which is ascalled the production possibilities
curve. Economic model is to simplify the real world and is made for illustrating economic
theories. The production possibilities curve shows combination of these two goods or services
which are to be produced by the technology and resources being used currently. Combination
used over and under the line are attainable instead by the points which are outside the line are not
attainable, given our current resources and technology.

More Related Content

Similar to if a nation obtains more resources, points that were outside the pro.pdf

Oh the production possibilities
Oh the production possibilitiesOh the production possibilities
Oh the production possibilities
msladuke
 
production_possibility_curve
production_possibility_curveproduction_possibility_curve
production_possibility_curve
Ekta Doger
 
Ap micro unit_1_practice_questions
Ap micro unit_1_practice_questionsAp micro unit_1_practice_questions
Ap micro unit_1_practice_questions
Josh Lawrence
 
Resource efficient,low carbon cities ktn
Resource efficient,low carbon cities   ktnResource efficient,low carbon cities   ktn
Resource efficient,low carbon cities ktn
Roger Atkins
 

Similar to if a nation obtains more resources, points that were outside the pro.pdf (20)

Oh the production possibilities
Oh the production possibilitiesOh the production possibilities
Oh the production possibilities
 
production_possibility_curve
production_possibility_curveproduction_possibility_curve
production_possibility_curve
 
Gimmethingnao. GImme gimme gimme, just gimme gimme
Gimmethingnao. GImme gimme gimme, just gimme gimmeGimmethingnao. GImme gimme gimme, just gimme gimme
Gimmethingnao. GImme gimme gimme, just gimme gimme
 
Smart Ecologies
Smart EcologiesSmart Ecologies
Smart Ecologies
 
How Digital is an Accelerator for Circular Economy @High Performance Digital...
How Digital is an Accelerator for Circular Economy  @High Performance Digital...How Digital is an Accelerator for Circular Economy  @High Performance Digital...
How Digital is an Accelerator for Circular Economy @High Performance Digital...
 
Ap micro unit_1_practice_questions
Ap micro unit_1_practice_questionsAp micro unit_1_practice_questions
Ap micro unit_1_practice_questions
 
1 the economic problem
1 the economic problem1 the economic problem
1 the economic problem
 
Introducing economics
Introducing economicsIntroducing economics
Introducing economics
 
Micro ch.2.pptx
Micro ch.2.pptxMicro ch.2.pptx
Micro ch.2.pptx
 
Chapter 1 What Is Economics
Chapter 1   What Is EconomicsChapter 1   What Is Economics
Chapter 1 What Is Economics
 
Collaborative Economy: a p2p renaissance
Collaborative Economy: a p2p renaissanceCollaborative Economy: a p2p renaissance
Collaborative Economy: a p2p renaissance
 
Collaborative Economy: a p2p renaissance
Collaborative Economy: a p2p renaissanceCollaborative Economy: a p2p renaissance
Collaborative Economy: a p2p renaissance
 
Digital Innovation, Reverse Semiotics, and Generative Economics
Digital Innovation, Reverse Semiotics, and Generative EconomicsDigital Innovation, Reverse Semiotics, and Generative Economics
Digital Innovation, Reverse Semiotics, and Generative Economics
 
Economics Oh the Production Possibilities
Economics Oh the Production Possibilities Economics Oh the Production Possibilities
Economics Oh the Production Possibilities
 
Ssf2015 venice
Ssf2015 veniceSsf2015 venice
Ssf2015 venice
 
It's the End of the World As We Know It: A Digital Transformation Dystopian F...
It's the End of the World As We Know It: A Digital Transformation Dystopian F...It's the End of the World As We Know It: A Digital Transformation Dystopian F...
It's the End of the World As We Know It: A Digital Transformation Dystopian F...
 
Resource efficient,low carbon cities ktn
Resource efficient,low carbon cities   ktnResource efficient,low carbon cities   ktn
Resource efficient,low carbon cities ktn
 
Chapter 1 Microeconomics Intro
Chapter 1 Microeconomics IntroChapter 1 Microeconomics Intro
Chapter 1 Microeconomics Intro
 
ppc lectures nangati marshal 2017
 ppc lectures  nangati marshal 2017 ppc lectures  nangati marshal 2017
ppc lectures nangati marshal 2017
 
Ap macro unit_1_summary
Ap macro unit_1_summaryAp macro unit_1_summary
Ap macro unit_1_summary
 

More from info785431

Compare and contrast the messages about science and integrity in Fra.pdf
Compare and contrast the messages about science and integrity in Fra.pdfCompare and contrast the messages about science and integrity in Fra.pdf
Compare and contrast the messages about science and integrity in Fra.pdf
info785431
 
Write a JAVA LinkedListRec class that has the following methods siz.pdf
Write a JAVA LinkedListRec class that has the following methods siz.pdfWrite a JAVA LinkedListRec class that has the following methods siz.pdf
Write a JAVA LinkedListRec class that has the following methods siz.pdf
info785431
 
Why has one prominent textbook author described IO management as the.pdf
Why has one prominent textbook author described IO management as the.pdfWhy has one prominent textbook author described IO management as the.pdf
Why has one prominent textbook author described IO management as the.pdf
info785431
 
What is the value of studying humanities in a business or technical .pdf
What is the value of studying humanities in a business or technical .pdfWhat is the value of studying humanities in a business or technical .pdf
What is the value of studying humanities in a business or technical .pdf
info785431
 
USING JAVAImplement the quicksort optimization median-of-three, i.pdf
USING JAVAImplement the quicksort optimization median-of-three, i.pdfUSING JAVAImplement the quicksort optimization median-of-three, i.pdf
USING JAVAImplement the quicksort optimization median-of-three, i.pdf
info785431
 
The Task For this assignment you will write a rudimentary text edi.pdf
The Task For this assignment you will write a rudimentary text edi.pdfThe Task For this assignment you will write a rudimentary text edi.pdf
The Task For this assignment you will write a rudimentary text edi.pdf
info785431
 

More from info785431 (20)

Carbon dioxide (CO_2) is a non-polar molecule. Is this consistent wit.pdf
Carbon dioxide (CO_2) is a non-polar molecule. Is this consistent wit.pdfCarbon dioxide (CO_2) is a non-polar molecule. Is this consistent wit.pdf
Carbon dioxide (CO_2) is a non-polar molecule. Is this consistent wit.pdf
 
Compare and contrast the messages about science and integrity in Fra.pdf
Compare and contrast the messages about science and integrity in Fra.pdfCompare and contrast the messages about science and integrity in Fra.pdf
Compare and contrast the messages about science and integrity in Fra.pdf
 
Briely, what was Darwins explanation for the appearance of design.pdf
Briely, what was Darwins explanation for the appearance of design.pdfBriely, what was Darwins explanation for the appearance of design.pdf
Briely, what was Darwins explanation for the appearance of design.pdf
 
A router receives a message addressed 172.16.15.75. The relevant rou.pdf
A router receives a message addressed 172.16.15.75. The relevant rou.pdfA router receives a message addressed 172.16.15.75. The relevant rou.pdf
A router receives a message addressed 172.16.15.75. The relevant rou.pdf
 
A study of sandflies in Panama classified flies caught in light traps.pdf
A study of sandflies in Panama classified flies caught in light traps.pdfA study of sandflies in Panama classified flies caught in light traps.pdf
A study of sandflies in Panama classified flies caught in light traps.pdf
 
___Tissue found in the brain, spinal cord, and peripheral nerves. The.pdf
___Tissue found in the brain, spinal cord, and peripheral nerves. The.pdf___Tissue found in the brain, spinal cord, and peripheral nerves. The.pdf
___Tissue found in the brain, spinal cord, and peripheral nerves. The.pdf
 
You have been exposed to each of the 8 microbes below. One of them h.pdf
You have been exposed to each of the 8 microbes below. One of them h.pdfYou have been exposed to each of the 8 microbes below. One of them h.pdf
You have been exposed to each of the 8 microbes below. One of them h.pdf
 
Write a snippet of C code that will enable the ADC to continuously r.pdf
Write a snippet of C code that will enable the ADC to continuously r.pdfWrite a snippet of C code that will enable the ADC to continuously r.pdf
Write a snippet of C code that will enable the ADC to continuously r.pdf
 
Write a JAVA LinkedListRec class that has the following methods siz.pdf
Write a JAVA LinkedListRec class that has the following methods siz.pdfWrite a JAVA LinkedListRec class that has the following methods siz.pdf
Write a JAVA LinkedListRec class that has the following methods siz.pdf
 
Write a BFS algorithm using only arrays and no other data structure..pdf
Write a BFS algorithm using only arrays and no other data structure..pdfWrite a BFS algorithm using only arrays and no other data structure..pdf
Write a BFS algorithm using only arrays and no other data structure..pdf
 
Why has one prominent textbook author described IO management as the.pdf
Why has one prominent textbook author described IO management as the.pdfWhy has one prominent textbook author described IO management as the.pdf
Why has one prominent textbook author described IO management as the.pdf
 
which is true of the data shown in the histogram Which is true of th.pdf
which is true of the data shown in the histogram Which is true of th.pdfwhich is true of the data shown in the histogram Which is true of th.pdf
which is true of the data shown in the histogram Which is true of th.pdf
 
What is the value of studying humanities in a business or technical .pdf
What is the value of studying humanities in a business or technical .pdfWhat is the value of studying humanities in a business or technical .pdf
What is the value of studying humanities in a business or technical .pdf
 
What are the two components of dynamic pressureVelocity and densi.pdf
What are the two components of dynamic pressureVelocity and densi.pdfWhat are the two components of dynamic pressureVelocity and densi.pdf
What are the two components of dynamic pressureVelocity and densi.pdf
 
USING JAVAImplement the quicksort optimization median-of-three, i.pdf
USING JAVAImplement the quicksort optimization median-of-three, i.pdfUSING JAVAImplement the quicksort optimization median-of-three, i.pdf
USING JAVAImplement the quicksort optimization median-of-three, i.pdf
 
There are 40 students in our class. How many ways they can be lined .pdf
There are 40 students in our class. How many ways they can be lined .pdfThere are 40 students in our class. How many ways they can be lined .pdf
There are 40 students in our class. How many ways they can be lined .pdf
 
The Task For this assignment you will write a rudimentary text edi.pdf
The Task For this assignment you will write a rudimentary text edi.pdfThe Task For this assignment you will write a rudimentary text edi.pdf
The Task For this assignment you will write a rudimentary text edi.pdf
 
The SIP handles what functionsA.) establishes a call through the .pdf
The SIP handles what functionsA.) establishes a call through the .pdfThe SIP handles what functionsA.) establishes a call through the .pdf
The SIP handles what functionsA.) establishes a call through the .pdf
 
The NBA decides to look into the use of meldonium in the league foll.pdf
The NBA decides to look into the use of meldonium in the league foll.pdfThe NBA decides to look into the use of meldonium in the league foll.pdf
The NBA decides to look into the use of meldonium in the league foll.pdf
 
The organelle that serves as the digestive system in the cell is the .pdf
The organelle that serves as the digestive system in the cell is the .pdfThe organelle that serves as the digestive system in the cell is the .pdf
The organelle that serves as the digestive system in the cell is the .pdf
 

Recently uploaded

1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
QucHHunhnh
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
ciinovamais
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
PECB
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
heathfieldcps1
 

Recently uploaded (20)

How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
PROCESS RECORDING FORMAT.docx
PROCESS      RECORDING        FORMAT.docxPROCESS      RECORDING        FORMAT.docx
PROCESS RECORDING FORMAT.docx
 
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural ResourcesEnergy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 

if a nation obtains more resources, points that were outside the pro.pdf

  • 1. if a nation obtains more resources, points that were outside the production possibilites curve prior to its gaining more resources become a)attainable b)extraneous c)irrelevant d)obsolete e) harmful Solution a) attainable Production Possibilities Curve As we produce thousands of different goods and services. To understand the trade-offs faced by an individual or society we use an economic model which is ascalled the production possibilities curve. Economic model is to simplify the real world and is made for illustrating economic theories. The production possibilities curve shows combination of these two goods or services which are to be produced by the technology and resources being used currently. Combination used over and under the line are attainable instead by the points which are outside the line are not attainable, given our current resources and technology.