Which of the following would not shift the production possibilities frontier?
a. an increase in worker training
b. a war that destroyed many buildings
c. a technological improvement that improved fuel efficiency in cars
d. a decrease in the size of the labor force
e. a change to a more inefficient production process
E
Economics
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Recalling Pr(Y = y = x) = , derive a relationship between Pr(X = x = y) and Pr(Y = y = x). This is called Bayes' theorem. What will be an ideal response?
Economics
Suppose there was a substantial increase in political instability in the rest of the world. What would be the effects on the U.S. current account? Explain
What will be an ideal response?
Economics