Explain how each of the following situations would affect a nation’s production

Question
Explain how each of the following situations would affect a
nation’s production possibilities curve.
a. A technological innovation allows the nation to more efficiently
convert solar energy into electricity.
b. A prolonged recession increases the number of unemployed
workers in the nation.
c. A category 5 hurricane destroys over 40 percent of the
nation’s productive capacity.
d. The quality of education in the nation’s colleges and universities
improves greatly.
e. The nation passes a law requiring all employers to give their
employees 16 weeks of paid vacation each year. Prior to this
law, employers were not legally required to give employees
any paid vacation time.

Originally posted 2017-02-22 11:19:56. Republished by Blog Post Promoter