Assume that an association of young workers has lobbied Congress to require that all workers retire once they reach the age of fifty.What impact would this law have on the nation's production possibilities frontier?
A) no impact at all
B) The level of unemployment would decrease so the production possibilities frontier would shift outward.
C) The nation would move to a new position on its production possibilities frontier but the frontier itself would not shift.
D) The production possibilities frontier would shift inward.
E) The number of young workers would increase so the production possibilities frontier would shift outward.
Correct Answer:
Verified
Q1: Which of the following is an assumption
Q2: The United States produced approximately _ worth
Q3: The production possibilities frontier illustrates the
A) maximum
Q4: Consider a production possibility frontier with jeans
Q5: In the production possibilities frontier model,an unattainable
Q7: The production possibilities frontier is the
A) maximum
Q8: Production efficiency is represented by _ a
Q9: A production possibilities frontier shows
A) the various
Q10: When all of the available factors of
Q11: ![]()
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