4) Children under age 2 are now allowed to fly free on U.S. airlines; they usually sit in their parents' laps. Some safety advocates have urged that they be required to be strapped in infant seats, which would mean their parents would have to purchase tickets for them. Some economists have argued that such a measure would actually increase infant fatalities. Can you say why? For full credit use the space provided to show your S&D supporting the economists argument. 5) Could a nation's production possibilities curve ever shift inward? Explain what such a shift would mean, and discuss events that might cause such a shift to occur. Show in the space provided your PPF curve before label it PPF 1, and after the shift label it PPF 2. Add these points to your PPF1, A₁ for an efficient point, B₁ for an efficient point and C₁ for a not-feasible point.
4) Children under age 2 are now allowed to fly free on U.S. airlines; they usually sit in their parents' laps. Some safety advocates have urged that they be required to be strapped in infant seats, which would mean their parents would have to purchase tickets for them. Some economists have argued that such a measure would actually increase infant fatalities. Can you say why? For full credit use the space provided to show your S&D supporting the economists argument. 5) Could a nation's production possibilities curve ever shift inward? Explain what such a shift would mean, and discuss events that might cause such a shift to occur. Show in the space provided your PPF curve before label it PPF 1, and after the shift label it PPF 2. Add these points to your PPF1, A₁ for an efficient point, B₁ for an efficient point and C₁ for a not-feasible point.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter1: Welcome To Economics!
Section: Chapter Questions
Problem 7SCQ: What is an example of a problem in the world today, not mentioned in the chapter, that has an...
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Transcribed Image Text:4) Children under age 2 are now allowed to fly free on U.S. airlines; they usually sit in their parents' laps.
Some safety advocates have urged that they be required to be strapped in infant seats, which would
mean their parents would have to purchase tickets for them. Some economists have argued that such a
measure would actually increase infant fatalities. Can you say why? For full credit use the space
provided to show your S&D supporting the economists argument.
5) Could a nation's production possibilities curve ever shift inward? Explain what such a shift would mean,
and discuss events that might cause such a shift to occur. Show in the space provided your PPF curve
before label it PPF 1, and after the shift label it PPF 2. Add these points to your PPF1, A₁ for an efficient
point, B₁ for an efficient point and C₁ for a not-feasible point.
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