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2. Introductory Economic Models
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Problem 15
2. Introductory Economic Models
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2. Introductory Economic Models / PPF - Outward Shifts / Problem 5
Problem 5
What is the likely effect of population growth on the PPF of an economy?
A
The PPF will shift outward as the labor force increases.
B
The PPF will remain unchanged as population growth does not affect production.
C
The PPF will shift inward due to increased competition.
D
The PPF will shift inward as resources are depleted.
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