Improving the education level of the labor force will
A. shift the production possibilities curve inward.
B. not shift the production possibilities curve since the total size of the labor force has not been changed.
C. shift the production possibilities curve outward.
D. cause a movement from a point inside the production possibilities curve to a point on the curve.
C. shift the production possibilities curve outward.
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To increase future living standards by pursuing higher current rates of investment spending, an economy must:
A. reduce the current capital stock. B. allow higher rates of current consumption. C. reduce current rates of consumption spending. D. decrease the amount of future research and development spending.
The figure above illustrates a rental housing market in which there is a rent ceiling of $400 a month. The rent ceiling is strictly enforced. The number of apartments rented is
A) less than 2 thousand. B) 2 thousand. C) 3 thousand. D) 4 thousand.
Which of the following statements is true?
A. Most horizontal mergers are blocked by the government. B. Most U.S. industries are monopolies. C. The market structure of an industry frequently changes over time. D. Most U.S. industries are perfectly competitive.
Explain the implications of outsourcing for employment and wages in the domestic and foreign labor markets
What will be an ideal response?