Sally has a dog at home so she knows about dogs. she is walking down the street and sees an animal walking toward her. the animal has four legs, fur and a tail. sally knows that these are characteristics of dogs. but the animal coming toward her is meowing, not barking. sally's mom tells her that the animal is a cat. now when sally sees an animal with four legs, a tail and fur she will conclude it is a dog if it barks and a cat if it meows, illustrating

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.

the article must be ratified by three-fourths (38) of states within a proscribed deadline.

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