Social Studies, 18.11.2020 03:40 ekayla163

What is a debtor colony? and What is a buffer colony?

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The colonial governments of Virginia and North Carolina for their part, eager for laborers, passed incentives by promising 5 years' worth of debt protection. The founder of Georgia, James Oglethorpe, specifically started the colony as a debtor's refuge in 1732, as an alternative to English debtors' prison.

The last of the 13 colonies to be founded, Georgia began as a line of fortress towns, creating a buffer between English settlers in the Carolinas and the Spanish in Florida. Created as a land for English debtors to start fresh in the New World, Georgia was a land filled with promise.

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levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.

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well to answer ur question to be completly honest

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