This topic contains a solution. Click here to go to the answer

Author Question: With time, which one of the following strategies would most likely result in an outward shift in the ... (Read 53 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
With time, which one of the following strategies would most likely result in an outward shift in the production possibilities curve of an economy?
 a. passage of legislation reducing the workweek to 30 hours.
  b. instituting a tax policy encouraging consumption at the expense of investment.
  c. instituting a tax policy encouraging investment at the expense of consumption.
  d. an increase in the marginal income tax rate, which would reduce the work effort of individuals.

Question 2

Which of the following statements is false?
 a. Marginal analysis is an examination of the effects of additions or subtractions from a current situation.
  b. The production possibilities curve shows the maximum combination of two outputs that an economy can produce, given its available resources and technology.
  c. Technology is the body of knowledge and skills applied to how goods are produced.
  d. Economic growth is illustrated as an inward shift of the production possibilities curve.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mfedorka

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

c

Answer to Question 2

d




future617RT

  • Member
  • Posts: 543
Reply 2 on: Jun 30, 2018
Gracias!


essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

For a complete list of videos, visit our video library