Question 18An increase in the labor force would be reflected in a society's production possibilitiesfrontier (PPF) by aninward shift of the PPF.outward rotation along the x axis.outward shift of the PPF.outward rotation along the y axis.increase in opportunity cost.

OPTION C - Outwasrd shift of the PPF. Labor force is a productive resource which is utilised in the…

An increase in the labor force would be reflected in a society's production possibilities frontier (PPF) by an O inward shift of the PPF. outward rotation along the x axis. outward shift of the PPF. outward rotation along the y axis. increase in opportunity cost.

An increase in the labor force would be reflected in a society's production possibilities frontier (PPF) by an O inward shift of the PPF. outward rotation along the x axis. outward shift of the PPF. outward rotation along the y axis. increase in opportunity cost.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter8: Productivity And Growth

Section: Chapter Questions

Problem 1.2P

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