Which of the following may cause an economy's production possibilities frontier (PPF) to shift to the left?
A) The country's workforce increases its training and education.
B) Businesses in the country increase their investment in machinery and equipment.
C) Income taxes are reduced.
D) A massive earthquake and tsunami damage much of the country's infrastructure.
Correct Answer:
Verified
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A) innovation, investments
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Q42: Which of the following may cause an
Q43: _ is the concentration on the production
Q44: Comparative advantage is defined in terms of:
A)
Q45: (Exhibit: Opportunity Cost) Video game production
Q46: (Exhibit: Opportunity Cost) Video game production
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