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An increase in the labor force would be reflected in a society's production possibilities frontier (PPF) by an a) outward shift of the PPF. b) inward shift of the PPF. c) increase in opportunity cost. d) increase in the maximum amount of goods achievable on the x-axis and no change on the y-axis. e) increase in the maximum amount of goods achievable on the y-axis and no change on the x-axis.

An increase in the labor force would be reflected in a society's production possibilities frontier (PPF) by an a) outward shift of the PPF. b) inward shift of the PPF. c) increase in opportunity cost. d) increase in the maximum amount of goods achievable on the x-axis and no change on the y-axis. e) increase in the maximum amount of goods achievable on the y-axis and no change on the x-axis.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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An increase in the labor force would be reflected in a society's production possibilities frontier (PPF) by an a) outward shift of the PPF. b) inward shift of the PPF. c) increase in opportunity cost. d) increase in the maximum amount of goods achievable on the x-axis and no change on the y-axis. e) increase in the maximum amount of goods achievable on the y-axis and no change on the x-axis.
Transcribed Image Text:An increase in the labor force would be reflected in a society's production possibilities frontier (PPF) by an a) outward shift of the PPF. b) inward shift of the PPF. c) increase in opportunity cost. d) increase in the maximum amount of goods achievable on the x-axis and no change on the y-axis. e) increase in the maximum amount of goods achievable on the y-axis and no change on the x-axis.
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