00:01
Okay, so for this question is asked, what's the result on the production possibility frontier if there's some change on the health of people in the united states? so let's personally draw a graph for the production possibility frontier.
00:16
So in general, we have like, let's say this is labor because we are talking about labor.
00:22
And on this part, we say it should be other resources because there are many resources that need to be used.
00:30
But if we want to draw a graph, we need to make it two dimensions.
00:35
So in general, the production possibility frontier is a curve like this.
00:41
That means a kind of like a combination of labor and other resources to produce a amount of total goods.
00:50
Okay, so i would say that if the health of american people increase or life expectancy increase, the that's right, decrease, that means the amount of labor in the market increase, right? if the amount of labor in the market increase, we could see a right shift of this production possibility frontier, a right shift of the production possibility frontier, right? because the amount of labor in the market increase...