Suppose that Germany, France, Estonia, and India all have the same production possibilities, illustrated in the figure above. Based on the production points in the figure, which country is most likely to expand its PPF to PPF3?

Looking at the components of the income approach we see that

A) compensation of employees is the largest category. B) consumption is the largest category. C) profits are the largest category. D) rental income is the largest category.

Select the term: To sell a state-run firm to individuals

a. standard of living b. privatize c. economic system d. self-interest e. factor payments