In the production possibilities framework, economic growth is depicted by the PPF
A) shifting leftward (toward the origin).
B) shifting rightward (away from the origin).
C) becoming a straight line rather than a bowed outward curve.
D) becoming bowed outward rather than a straight line.
B
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Refer to the scenario above. Maria should choose to:
A) drive, as it will save her $120. B) travel by train, because it is quicker. C) drive, as it will give her a real saving of $150. D) travel by train, as it will save her $30 in travel time.
Indicate which of the following individuals would be included in the labor force as defined by the Census Bureau
A) a teenager looking for a part-time job B) a man waiting for recall from a layoff C) a woman who has accepted a new job but has not yet begun working D) All of the above would be included in the labor force.