Commerce Exam > Commerce Questions > A PPC can shift its position if and only ifa)...
Start Learning for Free
A PPC can shift its position if and only if
- a)If technology improves
- b)If resources remain constant
- c)None of these
- d)If technology remains constant
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
A PPC can shift its position if and only ifa) If technology improvesb)...
The most common reason a PPF would shift is because of a change in technology, or because of economic growth.
Most Upvoted Answer
A PPC can shift its position if and only ifa) If technology improvesb)...
Explanation:
A PPC (Production Possibility Curve) shows the maximum possible combinations of two goods that can be produced in an economy with the given resources and technology. The position of the PPC represents the level of technology and available resources in the economy.
Shifting of PPC:
The position of the PPC can shift if there is a change in the level of technology or available resources. This means that the PPC can shift outward or inward.
Outward shift:
An outward shift of the PPC indicates an increase in the level of technology or available resources. This means that the economy can produce more of both goods. For example, if there is a technological advancement in the production of cars, the economy can produce more cars with the same resources or produce the same number of cars with fewer resources. Therefore, the PPC shifts outward.
Inward shift:
An inward shift of the PPC indicates a decrease in the level of technology or available resources. This means that the economy can produce less of both goods. For example, if there is a natural disaster that destroys some of the resources used in the production of goods, the economy can produce less of both goods with the same level of technology. Therefore, the PPC shifts inward.
Conclusion:
Thus, it can be concluded that a PPC can shift its position if and only if there is a change in the level of technology or available resources. It cannot shift its position if technology remains constant and resources also remain constant.
A PPC (Production Possibility Curve) shows the maximum possible combinations of two goods that can be produced in an economy with the given resources and technology. The position of the PPC represents the level of technology and available resources in the economy.
Shifting of PPC:
The position of the PPC can shift if there is a change in the level of technology or available resources. This means that the PPC can shift outward or inward.
Outward shift:
An outward shift of the PPC indicates an increase in the level of technology or available resources. This means that the economy can produce more of both goods. For example, if there is a technological advancement in the production of cars, the economy can produce more cars with the same resources or produce the same number of cars with fewer resources. Therefore, the PPC shifts outward.
Inward shift:
An inward shift of the PPC indicates a decrease in the level of technology or available resources. This means that the economy can produce less of both goods. For example, if there is a natural disaster that destroys some of the resources used in the production of goods, the economy can produce less of both goods with the same level of technology. Therefore, the PPC shifts inward.
Conclusion:
Thus, it can be concluded that a PPC can shift its position if and only if there is a change in the level of technology or available resources. It cannot shift its position if technology remains constant and resources also remain constant.
Free Test
FREE
| Start Free Test |
Community Answer
A PPC can shift its position if and only ifa) If technology improvesb)...
Because of improvement in technology production increases and thus ppc curve will shift upward
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Top Courses for CommerceView all
A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer?
Question Description
A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer?.
A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer?.
Solutions for A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A PPC can shift its position if and only ifa) If technology improvesb) If resources remain constantc) None of thesed) If technology remains constantCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup