Economists in the Ministry of Finance proposed the following startegies to increase the country's production possibility frontier. Which policy/policies would not have the desired effect? (i) Increased subsidy for college education. (ii) Increased production of investment goods relative to consumption goods. (ii) Increased incentives to attract women in the work force.
Economists in the Ministry of Finance proposed the following startegies to increase the country's production possibility frontier. Which policy/policies would not have the desired effect? (i) Increased subsidy for college education. (ii) Increased production of investment goods relative to consumption goods. (ii) Increased incentives to attract women in the work force.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 20SQ
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Transcribed Image Text:Economists in the Ministry of Finance proposed the following startegies to increase the country's production possibility frontier. Which
policy/policies would not have the desired effect?
(i) Increased subsidy for college education.
(ii) Increased production of investment goods relative to consumption goods.
(ii) Increased incentives to attract women in the work force.
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