PE19 Determine whether each of the following would cause the economy’s PPF to shift inward, outward, or not at all: An increase in average length of annual vacation An increase in immigration A decrease in the average retirement age The migration of skilled workers to other countries.

PE19 Determine whether each of the following would cause the economy’s PPF to shift inward, outward, or not at all: An increase in average length of annual vacation An increase in immigration A decrease in the average retirement age The migration of skilled workers to other countries.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter2: Economic Tools And Economic Systems

Section: Chapter Questions

Problem 3.8P

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Question

PE19 Determine whether each of the following would cause the economy’s PPF to shift inward, outward, or not at all:

An increase in average length of annual vacation
An increase in immigration
A decrease in the average retirement age
The migration of skilled workers to other countries.

Definition Definition Curve that represents the various combinations of production possibilities of two commodities when resources or factors of production are given.

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