Question: Using a production possibilities frontier (PPF) diagram, determine how does the PPF change in response to the following events: a)A relaxation of policies allowing more
Using a production possibilities frontier (PPF) diagram, determine how does the PPF change in response to the following events:
a)A relaxation of policies allowing more foreign direct investment into the country
b)Increasing the minimum wage level
c)A decrease in expenditure on research and development
d)An increase in the retirement age
e)Government policies supporting the provision of services, without affecting manufacturing.
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