Which of the following would shift a nation's production possibilities frontier inward?
A) an increase in the unemployment rate
B) producing more capital equipment
C) a law requiring workers to retire at age 50
D) discovering a cheap way to convert sunshine into electricity
C
Economics
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If x increases whenever y decreases, then x and y are
A) not related. B) positively related. C) directly related. D) negatively related. E) related but whether positively or negatively related depends on whether the x variable or the y variable is plotted on the vertical axis.
Economics
Refer to Figure 8.2. Holding other variables constant, an increase in the real wage will result in a
A) movement from point A to point B. B) movement from point B to point A. C) shift from curve S1 to curve S2. D) shift from curve S2 to curve S1.
Economics