If an economy experiences an increase in its labor force, everything else constant, then its production possibilities frontier (PPF) will
A) expand outward but keep its original shape.
B) expand outward largely in the direction of the labor intensive good.
C) expand outward largely in the direction of the capital intensive good.
D) not expand until capital grows.
B
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Which of the following policy combinations were used by the government during the financial crisis of 2007-2009 in the U.S.?
A) Income tax rates were increased and payroll taxes were reduced. B) Payroll tax rates were increased and government spending was reduced. C) A combination of both fiscal and monetary policies were used. D) The eligibility period for unemployment insurance was shortened.
By the 2000s, an important change in the mortgage market had occurred when ________ became significant participants in the secondary market for mortgages by buying, bundling, and reselling mortgages as mortgage-backed securities
A) commercial banks B) investment banks C) financial markets D) foreign governments
The First Continental Congress met in September and October of 1774 and listed several complaints against the British government, including
(a) an objection not to the Navigation Acts but to the taxation without consent. (b) the argument that they were entitled to all the rights of British citizenship. (c) the demand that virtually all of the laws passed by Britain on the colonies since 1763 be repealed. (d) all of the above.
A decrease in the price of a good will cause a decrease in the firm's demand for labor
Indicate whether the statement is true or false