Sam and claire are in their 80s. they consistently vote against any member of congress who may cut their medicare benefits. at the same time, they do not want medicare benefits extended to members of younger generations because they fear that doing so will bankrupt the nation. the reason they think this way is most likely due to their:

The reason that Sam and Claire think this way is MOST likely due to risk aversion. They want to avert the risk of having their Medicare benefits terminated by voting against a member of Congress who they think may have the slightest thought of removing Medicare benefits to old people and by being against the extension of Medicare benefits to young people.

what are you saying?

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.