00:01
So here we are talking about a production possibilities curve, right? and this is a depiction of how much we can make, how much we can produce.
00:14
So if i draw it, say the society produces two goods, x and y, a production possibilities curve usually looks something like this.
00:22
My idea here is a shift to the left, right? it looks like this.
00:28
So this shift left indicates that society is less able to produce.
00:43
So we're looking for something that's quite bad here, right? we're thinking about a society where you used to be able to produce, let's say, 20 and 20, but now you can only produce 16 and 14, right? right.
00:57
You're looking for a world where you can produce less stuff.
01:02
So let's go through each of these.
01:04
Immigrants.
01:07
No, they can.
01:09
They can work.
01:10
Right...