Introductory Economic Models
PPF - Outward Shifts
Introductory Economic Models
PPF - Outward Shifts
Changes in the amount of resources or technology will affect our PPF. Hold on tight! We're expanding (our knowledge)!
1
concept
Technological Advances in an Industry
2m
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2
concept
General Economic Growth
1m
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3
Problem
ProblemThe country of Clutchtopia has just stumbled upon a new technology as shown on the graph.
If Clutchtopians demand 3 million pizza bagels, what is the productively efficient increase in robot production?
A
0
B
1 thousand
C
2 thousand
D
4 thousand
4
Problem
ProblemThe country of Clutchtopia has just stumbled upon a new technology as shown on the graph.
What type of PPF shift did Clutchtopia experience?
A
Technological advance in the production of robots
B
Technological advance in the production of pizza bagels
C
General increase in the productivity of technology
D
Decrease in pizza bagel production efficiency
5
Problem
ProblemThe country of Clutchtopia has just stumbled upon a new technology as shown on the graph.
What is the maximum amount of robots that can be produced in Clutchtopia after the shift?
A
0
B
2 thousand
C
4 thousand
D
6 thousand