Which of the Following Would Not Be an Example of a Nonproductive

question 31

Multiple Choice

Which of the following would not be an example of a nonproductive activity creating social losses?

• A) Accountants seeking methods of tax avoidance for their clients.
• B) Lawyers engaged in litigation that would transfer money from one group to another.
• C) Lawyers hired to assist two parties in writing a contract.
• D) Lobbyists seeking laws that would transfer public lands to private parties without any payment.

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Definitions:

Shortages

Conditions where the demand for a good or service exceeds the available supply, often leading to increased prices.

Minimum Wage Legislation

Laws that set the lowest hourly, daily, or monthly remuneration that employers can legally pay their workers.

On-the-job Training

Training provided to employees while they perform their regular work tasks, aimed at enhancing their skills and efficiency.

Teenagers

Young people typically aged between 13 and 19 years, often characterized by rapid physical and psychological development.