What is the term for when the production possibilities curve shifts outward?

Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people. What is the labor force participation rate?

A) 0.68 percent B) 68 percent C) 85.7 percent D) 86.7 percent

Under low-cost contracting like that between beekeepers and farmers, the agreement between the two parties is not self-enforcing because:

a. the terms of contract are laid down by a third party. b. the initial distribution of rights between the two parties is unequal. c. services and payments take place over a span of time, and either might choose to default on his obligations at some point. d. the contract distributes gross revenue between the two parties unequally.