Assume that an association of young workers has lobbied the federal government 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 number of young workers would increase so the production possibilities frontier would shift outward.
E) The production possibilities frontier would shift inward.
Correct Answer:
Verified
Q9: The production possibilities frontier is the boundary
Q10: Q11: Moving from one point to another on Q12: In the production possibilities frontier model,an unattainable Q13: A production possibilities frontier shows Q15: Consider a production possibility frontier with jeans![]()
A)that if price
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