Ancient greece did not have fertile soil, which limited crop production. because of this, greeks relied on imported goods from other city-states and countries. they would use their own crops to trade for other highly needed goods. the greek government did not regulate all goods being traded, except for grain. wheat trading was controlled and purchased by a special grain buyer called a sitone. grain fed large, highly-populated city-states and was valuable during droughts. based on this passage, what positive effect did the government regulation of grain have on greece?

Greece was mainly limited to grain/wheat production, which they decided to regulate. By limiting the import of wheat, they protected their own goods but allowed the import of other goods and food.

By purchasing grain from a special buyer (sitone) they could control the price of grain/wheat. This was especially importing during shortages of food and drought. By buying grain for less money, and trading for export for more expensive amount of money they could protect their production and trade of other goods, as well.

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.