Which of the following would shift a nation's production possibilities frontier inward?
A) discovering a cheap way to convert sunshine into electricity
B) producing more capital equipment
C) an increase in the unemployment rate
D) a law requiring workers to retire at age 50
Answer: D
You might also like to view...
The demand for cars in a certain country is given by: D = 20,000 - P, where P is the price of a car. Supply by domestic car producers is: S = 5,000 + 0.5P.If this economy is open to trade, and the world price of a car is $6,000, the domestic quantity demanded will be ________ and quantity supplied will be ________.
A. 14,000; 8,000 B. 12,000; 10,000 C. 12,000; 8,000 D. 8,000; 14,000
Goals which are concerned with creating and maintaining employee and customer satisfaction and social responsibility are referred to as ________ objectives
A) social B) noneconomic C) welfare D) public relations
If the exchange rate of the English pound goes from $1.50 to $2.00, the pound has
a. appreciated, and the English will find U.S. goods cheaper. b. appreciated, and the English will find U.S. goods more expensive. c. depreciated, and the English will find U.S. goods cheaper. d. depreciated, and the English will find U.S. goods more expensive.
Global budgets coupled with price ceilings can control total spending as long as:
a. patients are required to pay some of the expenses out-of-pocket. b. Global budgets can never work to control spending. c. providers cooperate by only providing "medically necessary" services. d. the price ceilings are negotiated in good faith. e. utilization of services does not increase significantly.