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Consider Toyota's PPF, Which Measures Cars on the X-Axis and New

Question 120

Multiple Choice

Consider Toyota's PPF, which measures cars on the x-axis and new skills and new technology on the y-axis. Toyota's opportunity cost of upgrading workers' skills and creating new technology is


A) increased worker productivity.
B) zero.
C) more cars produced in the future.
D) fewer cars produced in the current year.
E) dependent on whether other car manufacturers also upgrade workers' skills and create new technology.

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