Refer to the information provided in Figure 31.1 below to answer the question(s) that follow. Figure 31.1Refer to Figure 31.1. A decrease in the labor force will cause a

A. shift from ppf2 to ppf1.
B. movement from Point B to Point A.
C. movement from Point A to Point B.
D. shift from ppf2 to ppf3.

Answer: A

Economics

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Distinguish between a voluntary export restraint and a quota

What will be an ideal response?

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A Turkish company exchanges liras for dollars and then uses the dollars to purchase medical equipment from a U.S. company. These transactions

a. increase U.S. net exports, and increase Turkish net capital outflow. b. increase U.S. net exports, and decrease Turkish net capital outflow. c. decrease U.S. net exports, and increase Turkish net capital outflow. d. decrease U.S. net exports, and decrease Turkish net capital outflow.

Economics