If more teenagers stay in school longer rather than dropping out and entering the labor force,
A. The number of discouraged workers increases.
B. The unemployment rate goes up.
C. The production possibilities curve shifts outward.
D. The production possibilities curve shifts inward.
Answer: D
Economics
You might also like to view...
A 10 percent increase in income increases the quantity of apple juice demanded from 18,800 to 21,200 gallons. The income elasticity of demand for apple juice is
A) 0.5. B) 0.8. C) 1.0. D) 1.2.
Economics
Which of the following is a possible reason for the improved economic performance between 1985 and 2007?
A) Demand Shocks have become smaller and less important. B) Monetary and fiscal policy have become more effective. C) Change in conditions that make monetary and/or fiscal policy more powerful. D) All of the above
Economics