Suppose that an economy can produce various combinations of fish and bread. If more people with strong fishing skills became employed in this economy, how would the production possibilities curve (PPC) change?

a. The PPC would shift outward on the fish axis, but would not change on the bread axis.
b. The PPC would shift outward equally along both the fish and the bread axes.
c. The PPC would shift inward on the bread axis, but would not change on the fish axis.
d. The PPC would shift inward equally along both the fish and the bread axes.

a

Economics

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An example of term limits in the United States would be that U.S. presidents cannot hold more than:

A. four 2-year terms. B. four 4-year terms. C. two 2-year terms. D. two 4-year terms.

Economics

In the short term, a decrease in taxes will have what effect on GDP and unemployment?

A. It will reduce unemployment and reduce GDP. B. It will raise unemployment and reduce GDP. C. It will reduce unemployment and raise GDP. D. It will raise unemployment and raise GDP.

Economics