--%>

Influence of technology in production possibility frontier

The production possibility frontier would not be prolonged by: (i) The Pilgrim’s increasing utilization of fertilizer after Native Americans exhibited them that corn grows better when a rotten fish is planted all along with seeds. (ii) Vandalism which stimulated employment since of required repairs and rebuilding. (iii) New brighter light bulb filaments which need less electricity. (iv) Henry Ford’s growth of an assembly line. (v) UNC doctors discovering the gene therapies which decrease the probability of death or crippling illnesses afterward in life.

Find out the right answer from the above options.

   Related Questions in Public Economics

  • Q : Majority worse off and minority better

    When an economic change makes a huge majority of the population worse off and a minute minority better off, the alteration is: (w) good for society because it made some people better off. (x) bad for society since only a few people ar

  • Q : Give an example of Absolute Prices When

    When the overall price level rises, then there are changes within: (i) absolute prices. (ii) subjective values. (iii) relative prices. (iv) objective prices. (v) tax rates. How can I solve my economics problems, which is related to

  • Q : Define the term Prices in prices and

    Prices are: (w) used to ration free goods and resources. (x) zero for several scarce goods and resources. (y) the merely efficient way to assign luxury goods. (z) one mechanism for rationing scarce goods and resources.

    Q : Define the normative economic statement

    Which of the given is a normative economic statement? (1) Most Republicans favor the death penalty for murderers. (2) Punishment which is surer, swifter, and harsher decreases the rates of violent crime. (3) Most Democrats oppose the death penalty for

  • Q : Explain about the good economics models

    Good economic models are: (1) intricate models of all aspects of the actual economy. (2) designed to create economics hard. (3) simplifications of the real world. (4) scientific only when expressed mathematically.

  • Q : Problem on Laissez-faire The movement

    The movement towards laissez-faire policies would best be described by a strategy to: (1) Stimulate the domestic production by raising import tariffs. (2) Remove laws to subsidize farming. (3) Guarantee food stamps for fundamental survival. (4) Functi

  • Q : Explain invisible hand of Adam Smith

    The “invisible hand” of Adam Smith described: (w) a large role for the government. (x) altruist motives in civilized society. (y) technological advances promoted throguh monopolies. (z) self-correcting market mechanisms.

  • Q : Growth and Development-Production

    The production possibilities curve might be shifted outward by: (1) Decreasing unemployment. (2) Reducing the labor force. (3) Limiting the output of capital goods. (4) Raising the amounts or productivity of the resources.

    Q : Comparative Systems-Socialism I have a

    I have a problem in economics on Comparative Systems- Socialism. Please help me in the following question. From roughly 1890 till year1990 or thus, the main challenger of capitalism was: (1) Monarchy. (2) Fascism. (3) Socialism. (4) Anarchism.

  • Q : Requirement of technically efficient

    I need a good answer on the topic of Economic problems. Please give me your suggestion that for production to be technically efficient needs that the: (i) Maximum benefits are acquired at the highest possible cost. (ii) Opportunity costs of production