two types of goods: productive and non-productive.
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Shifts in the PPF. Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think that the September 11, 2001 terrorist attacks on the World Trade Center and the Pentagon affected short or long term productivity in the United States? Explain your response and show any movements in the PPF.
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In this solution, two types of goods are noted: productive and non-productive. Explanations are provided along with graphs.
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Problem: Shifts in the PPF. Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think that the September 11, 2001 terrorist attacks on the World Trade Center and the Pentagon affected short or long term productivity in the United States? Explain your response and show any movements in the PPF.
The answer to this question can be explained using just the definition and thinking of a simple world ...
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