Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is the correct answer? Question 2 1 pts Canada's workers are employed in one of two industries: manufacturing and nancial services.

image text in transcribed

Which of the following is the correct answer?

image text in transcribed
Question 2 1 pts Canada's workers are employed in one of two industries: manufacturing and nancial services. Over the last 10 years, Canada has invited an average of 283,000 immigrants each year to call Canada their new home. The vast majority of these newly come immigrants have the skills necessary tojoin the Canadian labour force. How does this impact Canada's PPB? Assume the quantity of goods manufactured is on the vertical axis and the number of nancial services provided is measured on the horizontal axis. 0 It increases both the horizontal and vertical axis intercepts. It decreases the horizontal axis intercept, while the vertical axis intercept remains the same. It decreases the vertical axis intercept, while the horizontal axis intercept remains the same. It doesn't affect either of the axis intercepts. It decreases both the horizontal and vertical axis intercepts. It increases the vertical axis intercept, while the horizontal axis intercept remains the same. OOOOOO It increases the horizontal axis intercept, while the vertical axis intercept remains the same

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Macroeconomics

Authors: Robert C. Feenstra, Alan M. Taylor

Fourth Edition

1319061729, 978-1319061722

More Books

Students also viewed these Economics questions

Question

Values: What is important to me?

Answered: 1 week ago