MACRO ECON 6
MACRO ECON 6
6th Edition
ISBN: 9780357689820
Author: MCEACHERN
Publisher: CENGAGE L
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Chapter 2, Problem 8P
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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