select the correct answer. if 200 people have been working on developing a new community that will feature…

select the correct answer. if 200 people have been working on developing a new community that will feature houses and small businesses, what will happen to the ppc of the community if 100 people withdraw from developing the community? a. the ppc will shift to the right b. the ppc will shift to the left c. the ppc will not change d. the ppc will become steeper

select the correct answer. if 200 people have been working on developing a new community that will feature houses and small businesses, what will happen to the ppc of the community if 100 people withdraw from developing the community? a. the ppc will shift to the right b. the ppc will shift to the left c. the ppc will not change d. the ppc will become steeper

Answer

Brief Explanations:

The Production - Possibility Curve (PPC) represents the maximum possible output combinations of two goods or services an economy can achieve when all its resources are fully and efficiently employed. When 100 people withdraw from developing the community, the available labor resources decrease. With fewer resources, the maximum amount of houses and small - businesses that can be produced decreases. This causes the PPC to shift to the left.

Answer:

B. the PPC will shift to the left