Which of the following could lead to an inward shift of the production possibilities frontier?
a. an increase in the cost of one good
b. an increase in the utilization of resources
c. a rise in the level of technology
d. a law is passed whereby a mandatory retirement age of 60 is imposed
e. a decrease in the utilization of resources
D
Economics
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Which of the following is a role played by the Fed in the U.S. economy?
A) It acts as a lender of the last resort in case of bank runs. B) It determines the import duty on raw materials being imported into the country. C) It acts as a direct source of funds for new businesses and startups. D) It takes political decisions during periods of recessions.
Economics
Refer to Figure 4-3. Kendra's marginal benefit from consuming the second ice cream cone is
A) $6.50. B) $6.00. C) $3.00. D) $2.25.
Economics