Figure 2-9 -Refer to Figure 2-9,Panel (A)and Panel (B).A Shift of the Shift

question 104

Multiple Choice

Figure 2-9

-Refer to Figure 2-9,Panel (a) and Panel (b) .A shift of the economy's production possibilities frontier from Panel (a) to Panel (b) could be caused by

• A)unemployment.
• B)an improvement in donut production technology.
• C)an improvement in coffee production technology.
• D)an improvement in both donut and coffee production technology.

---

Definitions:

Gross Earnings

The total income earned by a company before deductions such as taxes and expenses.

Overtime Pay

Additional compensation paid to employees who work beyond the standard hours set by the company's policy or by law.

FICA Tax Rate

The combined rate for Social Security and Medicare taxes in the United States, paid by both employees and employers.

Payroll Deduction

Amounts withheld from an employee's salary by an employer for taxes, benefits, and other legally permitted or voluntary deductions.