Supply-Side Economics Is Based Primarily on

question 60

Multiple Choice

Supply-side economics is based primarily on

• A)stimulation of the business (supply)component.
• B)government stimulation of consumer demands.
• C)a repudiation of trickle-down theory.
• D)increases in taxation.
• E)increases in government regulation.

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Definitions:

Opportunistic Behavior

Actions taken by individuals or organizations to exploit circumstances to their advantage without regard for principles or consequences.

Prototype/Willingness Model

This model suggests that behavior is influenced by both rational decision-making processes about a behavior's outcomes (prototypes) and an individual's willingness to engage in the behavior in specific contexts.

Regulatory Focus Model

A psychological theory positing that individuals regulate their behavior through either promotion-focused strategies, aimed at achieving positive outcomes, or prevention-focused strategies, aimed at avoiding negative outcomes.

Social Circumstances

The conditions and factors that influence and shape an individual's social experiences and interactions.