Match the term with the statements given below and write the correct option. A ‘Utopian Society' is - (i) a society under a bene
1 answer:
You might be interested in
The Production Possibilities Frontier (PPF) is a curve that shows all the combinations of two goods that an economy or a firm are able to produce given a certain endownment of factors of production. The points in the curve show all the efficient production combinations, as there are no unused resources and, in order to produce a larger quantity of one of the goods, a certain amount of the other needs to be given up.
Assume that the PPF attached is the one corresponding to my new store, where I can produce either guns or butter. Any bundle located along the curve (for example, the combinations B, D or C) represents efficent amounts of production of the two goods, and therefore any of them are recomendable production strategies that can be followed. Those are efficient combinations because the whole endowment of resources is used. In opposition, point A is inefficient because there are unused resources in the firm/economy, and point X is impossible, because there are not enough resources in the economy to generate those levels of output.
On April 30th, 1975 the fall of Saigon took place marking the end of the Vietnam war through the evacuation of all American military along with thousands of civilians. The evacuation was through an operation known as Operation Frequent Wind which became the largest helicopter evacuation in history. During this time communist forces were advancing from the North to capture Saigon. Over 1,000 American civilians and over 7,000 South Vietnamese refugees were flown out of Saigon in less than 18 hours (Butler, 1985). The picture is chosen as it clearly illustrates thousands of Vietnamese civilians and American soldiers fighting for space on the helicopter.
Butler, D. (1985). The fall of Saigon: Scenes from the sudden end of a long war. Simon & Schuster.
