Question

Question 4 of 20

All of the following factors affect the level of wages except which of the
following?
OA The actions of labor unions.
B. The production possibilities frontier.
C. The law of supply and demand.
D. Minimum-wage laws.
SUBMIT

Answer 1

Answer: B: The production possibilities frontier.

Explanation:

the data can be manipulated to observe how scarcity, growth, inefficiency, efficiency, and other factors can affect production

Production possibilities frontier can be defined as a graph or curve which shows the combinations of two goods that are produced when the resources of the economy are fully utilized.

Answer 2

B. The production possibilities frontier.