EBK ECON: MACRO4
EBK ECON: MACRO4
4th Edition
ISBN: 9781305562097
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
Question
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Chapter 2, Problem 3.8PA
To determine

Impact on PPF due to an increase in average length of annual vacations.

Concept Introduction:

Production possibility frontier:

It is a curve which shows the maximum possible output of two goods with the given set of efficiently used inputs.

b)

To determine

Impact on PPF due to an increase in immigration

c)

To determine

Impact on PPF due to a decrease in the average age of retirement.

d)

To determine

Impact on PPF due the migration of skilled workers to other countries.

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