known as the Production Possibility Frontier is simple to understand. It is a method used to represent (in the form of a graph) the point in which an economy is producing its goods and services with efficiency. It also shows whether the economy is allocating their resources in the best way possible. If the economy is not producing the quantities indicated by the PPF‚ resources are not being managed efficiently and the production will decrease. The production possibility frontier also shows that
Premium Economics
“Deeper Than Evil “ Based on the content I reviewed from multiple sources I believe that the 21st century has evolved in such a way that evil has lost it’s appeal. This essay will elaborate on how the word “evil” is unproductive. Analyzing the connection between fear and hate will strengthen my point. This essay will also discuss Adolf Hitler and Donald Trump and how the terms “ fear” and “hate” impacted their political decisions. There is a reason for each action it is imperative that the
Premium Adolf Hitler Nazi Germany World War II
In “The Apology” Socrates reveals a profound defense that no one knowingly does evil. Socrates defense does not rely on the right to freely expressing ones ideas‚ but rests entirely on revealing the ignorance of his accusers. This defense begins after Meletus declares that Socrates solely corrupts the youth by himself; everyone else in Athens helps the youth. Socrates creates an analogy and compares Meletus statement to horses and horse-trainers. Socrates exposes that horse-trainers must have many
Premium Socrates Plato Grocery store
Production-possibility frontier In economics‚ a production-possibility frontier (PPF) or “transformation curve” is a graph that shows the different quantities of two goods that an economy (or agent) could efficiently produce with limited productive resources. Points along the curve describe the trade-off between the two goods‚ that is‚ the opportunity cost. Opportunity cost here measures how much an additional unit of one good costs in units forgone of the other good. The curve illustrates that
Premium Economics
economies have a production possibility curve and there any many different things that effect it. The removal of trade barriers or also known as free trade is not exempt from this list of things that affect an economies production possibility curve. Reduction in trade barriers can cause a country’s production possibility curve to shift outward. That is just one of many reasons that could cause an economy’s production possibility curve to shift outward. This production possibility curve can also determine
Premium Economics International trade
S.V.INSTITUTE OF MANAGEMENT‚KADI 1 1.1 About Cement:Cement was invented in 1824 by Joaeph Aspdin‚ an English Mason. He named the product as Portland cement as its color resembled to the rock found in Portland‚ a place in England. Concrete is the second most used commodity in the world after water. During 2000-2001‚ it is estimated nearly 1 ton of concrete is used by each person on earth. The production of cement is presently estimated at 2000 Million Tons. The strength of cement when it was invented
Premium Concrete Portland cement Cement
Considering the production of maize and shirts in Botswana‚ we can use the notion of the production possibilities curves to determine levels of efficiency‚ inefficiency‚ economic growth and technological improvement. The production possibilities curve (PPC) is a graph that shows the different quantities of the two goods (in this case‚ maize and shirts) that an economy (Botswana) could efficiently produce with the limited productive resources. To be able to illustrate this simply we assume that
Premium Economics
The Production Possibility Frontier Consider the case of an island economy that produces only two goods: wine and grain. In a given period of time‚ the islanders may choose to produce only wine‚ only grain‚ or a combination of the two according to the following table: Production Possibility Table Wine|Grain| (Thousand of bottles)|(Thousand of bushels)| 0|15| 5|14| 9|12| 12|9| 14|5| 15|0| The production possibility frontier (PPF)
Premium Economics
Production Possibilities Curve (PPC) The Production Possibilities Curve (PPC) is used to show the economic concepts of scarcity‚ choices and opportunity cost. The PPC is a graphical representation showing maximum combinations of output (goods and services)‚ a nation can produce with limited economic resources in a fixed period time. Assumptions of the production possibilities curve: I. Only 2 goods will be illustrated II. The amount of resources is fixed III. State of technology
Premium Economics
Running head: Inherited disease The Possibility of Inherited Diseases SC235-03: General Biology I – Human Perspectives Professor Frank Jenkins The Possibility of Inherited Diseases Our bodies are made up of cells and within those cells hold our unique DNA and genetic make-up called genes. Genes are made up of strings of DNA and contain the directions that our bodies use to make the millions of proteins our bodies use (Ireland‚ 2010). Our genes are further organized into something
Premium Chromosome Genetics Gene