Search results
Results from the WOW.Com Content Network
The production possibilities frontier (PPF) for guns versus butter. Points like X that are outside the PPF are impossible to achieve. Points such as B, C, and D illustrate the trade-off between guns and butter: at these levels of production, producing more of one requires producing less of the other. Points located along the PPF curve represent ...
If production is efficient, the economy can choose between combinations (points) on the PPF: B if guns are of interest, C if more butter is needed, D if an equal mix of butter and guns is required. [4] In the PPF, all points on the curve are points of maximum productive efficiency (no more output of any good can be achieved from the given ...
As government statistics showed butter rising by up to 1.9% weekly in late October, the same channel warned of an "Armageddon with butter" and said Russia could see a repeat of its 40% egg-price ...
Guns vs. Butter. Inflation hardly operates in a silo; the country’s job market is tight, nudging employers to increase salaries to maintain their competitiveness.
Conflict economics is a branch of economics that puts the allocation of resources by means of violent fighting, i.e. conflict, into economic models.. In traditional economics, appropriation is a non-violent process that is guaranteed by perfect property rights and their costless enforcement. [1]
A Florida Democratic Party bracing for a difficult Election Day was still shocked — and embarrassed — by Tuesday’s historic blowout defeat.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
A diagram showing the production possibilities frontier (PPF) curve for "manufacturing" and "agriculture". Point "A" lies below the curve, denoting underutilized production capacity. Points "B", "C", and "D" lie on the curve, denoting efficient utilization of production.