An Increase in the Labor Force Would Be Reflected in a Society's

question 95

Multiple Choice

An increase in the labor force would be reflected in a society's production possibilities frontier (PPF) by an

• A) increase in opportunity cost.
• B) inward shift of the PPF.
• C) outward shift of the PPF.
• D) outward rotation along the x axis.
• E) outward rotation along the y axis.

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Definitions:

Presentation Currency

The form of money used to express the financial records of a company.

Net Profit

The amount of income that remains after subtracting all expenses, taxes, and costs from total revenue.

Monetary Items

Assets and liabilities that are to be received or paid in a fixed or determinable amount of money.

Payables

Amounts that a company owes to its creditors or suppliers for goods or services received.