Respuesta :
PPC Shifts left - 1. Educated and skilled workers begin migrating to other
countries on a large scale. 2. An epidemic wipes out one-third
of the country’s population.
PPC Shifts right - 1. The government builds an extensive network of highways to facilitate cargo transportation. 2. Private businesses come together to sponsor college education for low-income students.
The PPC can shift to the left when there is the migration of skilled workers, but it can shift to the right when private businesses sponsor college education.
What is a Production Possibility Curve (PPC)?
Note: This question is not complete. The complete question is therefore provided before answering it as follows:
Determine which direction the PPC will shift as a result of these major events.
1.) educated and skilled workers begin migrating to other countries on a large scale.
2.) an epidemic wipes out one-third of the country's population.
3.) private businesses come together to sponsor college education for low-income students.
4.) the government builds an extensive network of highways to facilitate cargo transportation.
The answer is now provided as follows:
A production possibility curve (PPC) can be described as a curve that depicts different combinations of the quantities of two commodities that can be produced using the resources and technology available.
The PPC can shift to either to right or left depending on the event that occurred.
The following are examples of major events that can make the PPC to shift to the left:
1.) educated and skilled workers begin migrating to other countries on a large scale.
2.) an epidemic wipes out one-third of the country's population.
The following are examples of major events that can make the PPC to shift to the right:
3.) private businesses come together to sponsor college education for low-income students.
4.) the government builds an extensive network of highways to facilitate cargo transportation.
Learn more about PPC here: https://brainly.com/question/13603135.
