The nation passes a law requiring all employers to give the employees 16 weeks of paid vacation each year. Prior to this law employer were not legally required to give employees any paid vacation time. What happens to the PPF curve? Also, from the list provided, please choose an explanation as to why you chose your previous answer. What happens to the PPF? Explain. Choose: PPF shifts outwards Produce inside PPF Produce outside PPF Increased production given resources Increase in resources PPF shifts inwards Unused Resources
The nation passes a law requiring all employers to give the employees 16 weeks of paid vacation each year. Prior to this law employer were not legally required to give employees any paid vacation time. What happens to the PPF curve? Also, from the list provided, please choose an explanation as to why you chose your previous answer. What happens to the PPF? Explain. Choose: PPF shifts outwards Produce inside PPF Produce outside PPF Increased production given resources Increase in resources PPF shifts inwards Unused Resources
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 18PAE
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The nation passes a law requiring all employers to give the employees 16 weeks of paid vacation each year. Prior to this law employer were not legally required to give employees any paid vacation time.
What happens to the
What happens to the PPF? Explain. Choose:
- PPF shifts outwards
- Produce inside PPF
- Produce outside PPF
- Increased production given resources
- Increase in resources
- PPF shifts inwards
- Unused Resources
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“As long as all resources are fully employed and every firm in the economy is producing its output using the best available technology, the results will be efficient.” Do you agree or disagree with this statement ? give reason
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