Explore IDNLearn.com's extensive Q&A database and find the answers you need. Discover thorough and trustworthy answers from our community of knowledgeable professionals, tailored to meet your specific needs.
Sagot :
Dynamic gains from trade are the results of a country's production possibility frontier shifting outward (to the right) over time as a result of global trade. So, the statement is true.
What is a Production Possibility Frontier?
The production possibility frontier (PPF) is a graphed curve that shows the possible output of two items whose production is reliant on a single finite resource. The PPF is often referred to as the production possibility curve.
PPF is important in economics as well. For instance, it can show that a country's economy has achieved the maximum level of effectiveness.
The section of a graph known as the PPF shows production levels that, given the resources at hand, are impractical to reach; the curve represents ideal levels. Enlisted below are the assumptions:
- A business or economy wants to create two items.
- Resources that are available are scarce.
- Techniques and technology are constant.
- All resources are employed effectively and completely.
To know more about, production possibility frontier, visit :
https://brainly.com/question/14620714
#SPJ4
Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Find clear answers at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.
