Business, 25.06.2021 01:00 hellicuh

Suppose there are two economies, Alpha and Beta, which have the same production possibilities curves. If Beta devotes more resources to produce capital goods than consumer goods as compared to Alpha, then in the future Group of answer choices

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Answer from: ssalusso7914

Beta will experience greater economic growth than Beta.

Explanation:

A. Alpha will experience greater economic growth than Beta.

B. Beta will experience greater economic growth than Alpha.

C. Alpha will not be able to achieve full employment or productive efficiency.

D. Beta will not be able to achieve full employment or productive efficiency

The Production possibilities curve is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources

Points inside the production possibilities curve means that the nations resources are not being fully utilised

Factors that cause the PPC to shift

1. changes in technology.

2. changes in available resources.

3. changes in the labour force.

The country that invests more in capital goods would experience faster economic growth compared to a country that invests in consumer goods. This is because investment in capital goods would lead to technological advancement. Technological advancement is one of the factors that lead to economic growth

Answer from: Quest

answer; enforce the rules;

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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