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An increase in the labor force would be reflected in a socie.pdf
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An increase in the labor force would be reflected in a society's production possibilities frontier (PPF) by an inward shift of the PPF. increase in opportunity cost. increase in the maximum amount of goods achievable on the horizontal axis and no change on the vertical axis. outward shift of the PPF. increase in the maximum amount of goods achievable on the vertical axis and no change on the horizontal axis..
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An increase in the labor force would be reflected in a socie.pdf
- An increase in the labor force would be reflected in a society's production possibilities frontier (PPF) by an inward shift of the PPF. increase in opportunity cost. increase in the maximum amount of goods achievable on the horizontal axis and no change on the vertical axis. outward shift of the PPF. increase in the maximum amount of goods achievable on the vertical axis and no change on the horizontal axis.
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