How would the production possibilities curve be impacted? Group of answer choices The PPC would shift outward The PPC would shift inward The point on the PPC would move closer to the curve The point on the PPC would move closer to the origin
How would the
Explain how each of the following situations would affect a nation’s production possibilities curve.
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A law is passed which makes community college tuition free for all U.S. citizens.
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An unexpectedly mild spring results in a bumper crop of citrus fruit in both Florida and California.
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A change in immigration laws significantly decreases the number of immigrant workers entering the country.
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The amount of time that unemployed workers can collect
unemployment insurance is decreased from 96 weeks to 26 weeks following the end of a recession, resulting in workers remaining unemployed for a shorter period of time. -
An innovation in desalinization technology allows for the more efficient conversion of salt water to fresh water.
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A radiation leak at a nuclear power plant results in the long-term evacuation of a 10,000-square-mile area, which significantly reduces the nation’s productive capacity.
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