Explain how (if at all) each of the following events affects the location of a country’s production possibilities curve a. The quality of education increases.
b. The number of unemployed workers increases.
c. A new technique improves the efficiency of extracting copper from ore.
d. A devastating earthquake destroys numerous production facilities.

An increase in the quality of education would increase human capital. This would lead to an outward shift of the production possibilities curve

b. If the number of unemployed workers increases, there would be no change in the labour force. the production possibilities curve would not be affected

c. The new technology is technological advancement. Technological advancement leads to an outward shift of production possibilities curve

d. The earthquake would destroy capital stock and resources needed in the production process. As a result, production possibilities curve would shfit inward

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.

As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

answercontrol is returned to method c;

yes the correct answer was

b.the increased supply will create a surplus.