Other things equal,which of the following would shift an economy's production possibilities curve to the left?
A) The discovery of a low-cost means of generating and storing solar energy.
B) The entrance of more women into the labor force.
C) A law requiring mandatory retirement from the labor force at age 55.
D) An increase in the proportion of total output that consists of capital or investment goods.

Question

Quizplus · Accepted Answer

Mandatory retirement at age 55 means that there are fewer workers available to produce goods and services, leading to a decrease in the economy's potential output and a leftward shift in the production possibilities curve.

Other Things Equal,which of the Following Would Shift an Economy's