QUESTION IMAGE
Question
drag each description to the correct location.
determine which direction the ppc will shift as a result of these major events.
an epidemic wipes out one - third of the countrys population. private businesses come together to sponsor college education for low - income students.
educated and skilled workers begin migrating to other countries on a large scale. the government builds an extensive network of highways to facilitate cargo transportation.
ppc shifts left \tppc shifts right
Brief Explanations
- PPC Shifts Left: Events that decrease the economy's productive capacity (like loss of population or skilled labor migration) shift the Production Possibility Curve (PPC) left. An epidemic reducing population and skilled workers migrating both reduce resources (labor), so these go here.
- PPC Shifts Right: Events that increase productive capacity (like better education for workers or improved infrastructure) shift PPC right. Sponsoring college education (increases human capital) and building highways (improves infrastructure) enhance production capabilities, so these go here.
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- PPC Shifts Left:
- An epidemic wipes out one - third of the country's population.
- Educated and skilled workers begin migrating to other countries on a large scale.
- PPC Shifts Right:
- Private businesses come together to sponsor college education for low - income students.
- The government builds an extensive network of highways to facilitate cargo transportation.