Attempts Keep the Highest 0 /1 4. Shifts in production possibilities Suppose the United Kingdom produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for wheat, an agricultural good, and construction vehicles, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live longer and have extended careers. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. (? 600 * 500 PPF 400 300 200 100 PPF 60 120 180 240 300 360 WHEAT (Millions of bushels) CONSTRUCTION VEHICLES (Thousands)
Attempts Keep the Highest 0 /1 4. Shifts in production possibilities Suppose the United Kingdom produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for wheat, an agricultural good, and construction vehicles, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live longer and have extended careers. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. (? 600 * 500 PPF 400 300 200 100 PPF 60 120 180 240 300 360 WHEAT (Millions of bushels) CONSTRUCTION VEHICLES (Thousands)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Keep the Highest 0 /1
4. Shifts in production possibilities
Suppose the United Kingdom produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities
frontier for wheat, an agricultural good, and construction vehicles, a capital good.
Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live
longer and have extended careers.
Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will
snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.
(?
600
* 500
PPF
400
300
200
100
PPF
60
120
180
240
300
360
WHEAT (Millions of bushels)
CONSTRUCTION VEHICLES (Thousands)
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