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Voters Are Being Asked to Decide Whether to Build a New

question 47

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Voters are being asked to decide whether to build a new county jail. The public could be cued by politicians, pundits, other public figures, and television ads to consider the proposal in terms of its potential to raise their taxes on the one hand, or as a way to increase the number of jobs available to potential guards, cooks, and social workers on the other. These two types of cues are ________.


Definitions:

Supply Schedule

A chart that illustrates the correlation between a product's price and the amount available for sale.

Inputs Prices

The prices of the resources used in the production process, including labor, raw materials, and capital.

Production Technology

The combination of techniques, machinery, and processes used in the production of goods and services.

Supply Curve Shifts

Movements of the supply curve due to changes in factors other than the price of the good, indicating changes in supplier behavior.

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