What happens when production is inside the production possibilities curve?(1 point)

Question

Responses

The production is not maximized, so some resources are unused.
The production is not maximized, so some resources are unused.

The production has become less efficient, and eventually the curve will shift inward.
The production has become less efficient, and eventually the curve will shift inward.

It is not possible for the production to move inside the curve.
It is not possible for the production to move inside the curve.

The production has been made more efficient, and eventually the curve will shift inward.

Answer 1

When production is inside the production possibilities curve, the correct response is:

The production is not maximized, so some resources are unused.

This indicates that the economy is not utilizing all of its available resources efficiently, resulting in lower output than what could be achieved.

Answer 2

What does the slope of the production possibilities curve represent?(1 point)
Responses

The slope represents the number of factors of production required to produce the goods.
The slope represents the number of factors of production required to produce the goods.

The slope represents the level of efficiency in production.
The slope represents the level of efficiency in production.

If the slope is greater than one, then production is being maximized, and if the slope is less than one, then production is not maximized.
If the slope is greater than one, then production is being maximized, and if the slope is less than one, then production is not maximized.

The slope represents the opportunity cost of producing one good instead of the other.

Answer 3

The correct response is:

The slope represents the opportunity cost of producing one good instead of the other.

The slope of the production possibilities curve (PPC) reflects the trade-off between the two goods being produced, illustrating how much of one good must be sacrificed to produce more of the other good.

Answer 4

A shift inward of the production possibilities curve signifies that ___________.(1 point)
Responses

the available resources have increased, so potential production levels will increase
the available resources have increased, so potential production levels will increase

the available production resources have decreased, so potential production levels will decrease
the available production resources have decreased, so potential production levels will decrease

the demand for the products has decreased, so the supply will decrease
the demand for the products has decreased, so the supply will decrease

the demand for the products has increased, so the supply will increase

Answer 5

The correct response is:

the available production resources have decreased, so potential production levels will decrease.

An inward shift of the production possibilities curve indicates a reduction in an economy's capacity to produce goods and services, typically due to a decrease in resources, such as labor or capital.

Answer 6

Suppose an economy experiences an increase in unemployment across all industries. What is the result of this increase in unemployment on the production possibilities curve?(1 point)
Responses

The slope of the production possibilities curve would decrease because an increase in unemployment would decrease the maximum level of production.
The slope of the production possibilities curve would decrease because an increase in unemployment would decrease the maximum level of production.

The level of unemployment has no effect on the production possibilities curve, so there would be no change to the production possibilities curve.
The level of unemployment has no effect on the production possibilities curve, so there would be no change to the production possibilities curve.

The curve would shift inward because labor is considered a factor of production. By reducing productive resources, the maximum level of production will decrease.
The curve would shift inward because labor is considered a factor of production. By reducing productive resources, the maximum level of production will decrease.

The curve would shift outward because labor is considered a factor of production. By increasing productive resources, the maximum level of production will increase.

Answer 7

The correct response is:

The level of unemployment has no effect on the production possibilities curve, so there would be no change to the production possibilities curve.

An increase in unemployment does not shift the production possibilities curve itself; rather, it indicates that the economy is operating inside the curve, meaning it is not utilizing all of its resources efficiently. The PPC remains unchanged, but the economy's current production point moves closer to the center of the curve.

Answer 8

Which of the following production outcomes is not attainable for the given production possibilities curve?

A production possibilities curve is graphed with the horizontal axis labeled Tables from 0 to 25 in increments of 5 and the vertical axis labeled Benches from 0 to 35 in increments of 5. The first branch of the curve is a line segment that extends from left parenthesis 0 comma 30 right parenthesis to left parenthesis 4 comma 24 right parenthesis. The second branch of the curve is another line segment that extends from left parenthesis 4 comma 24 right parenthesis to left parenthesis 12 comma 20 right parenthesis. The last branch of the curve is a line segment that extends from left parenthesis 12 comma 20 right parenthesis to left parenthesis 20 comma 0 right parenthesis.

(1 point)
Responses

0 tables and 20 benches
0 tables and 20 benches

10 tables and 5 benches
10 tables and 5 benches

15 tables and 15 benches
15 tables and 15 benches

20 tables and 0 benches
20 tables and 0 benches

Answer 9

To determine which production outcome is not attainable for the given production possibilities curve, we need to analyze the production points described.

Based on the description provided of the production possibilities curve (PPC):

1. 0 tables and 30 benches - This point is to the left of the axis where it meets the vertical at 30 benches. It is attainable.
2. 10 tables and 5 benches - This point would fall inside the produced area of the curve since it is below the horizontal limits of the curve as indicated (between 0-25 tables).
3. 15 tables and 15 benches - This point appears to be within the limits outlined by the segments of the curve, which stretch from (0,30) to (20,0).
4. 20 tables and 0 benches - This represents the endpoint of the curve along the horizontal axis and is attainable.

Considering these points:

• 0 tables and 20 benches is within the curve and can be achieved.
• 10 tables and 5 benches is also achievable as it is assumed to be within the PPC limits.
• 15 tables and 15 benches claims to be achievable, similar to the previous points though it depends on actual curve limits stated.
• 20 tables and 0 benches is the curve's endpoint and is attainable.

Since you tagged "0 tables and 20 benches" is indeed permissible in a curve point if the PPC is not located yet as a straight upward area, thus the only point which seems unattainable lies within the prior segments on the prompt itself:

Therefore, the production outcome that is not attainable for the given production possibilities curve would be 15 tables and 15 benches assuming it doesn't fall within the described limits of the curve segments.