Which of the following would cause the production possibilities frontier to shift inward?
A) an increase in the employment rate
B) mandatory retirement at age 55
C) an improvement in technology
D) a larger work force
Correct Answer:
Verified
Q100: If all resources are used efficiently to
Q101: Exhibit 2-6 Q102: What does the law of increasing opportunity Q103: Assume that resources are NOT perfectly adaptable Q104: Which statement best describes the economic principles Q106: Which statement best reflects the law of Q107: Suppose there are increases in resources, or Q108: Which of the following is a reason Q109: Suppose a production possibilities curve is a Q110: Which of the following would shift the
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