Which of the Following Statements Is Correct

question 31

Multiple Choice

Which of the following statements is correct?

• A) An improvement in technology shifts the long-run aggregate supply curve to the right.
• B) A decrease in inflationary expectations shifts the short-run aggregate supply curve to the left.
• C) As business expectations decline, the short-run aggregate supply curve shifts to the right.
• D) Lower subsidies to business firms shift the short-run aggregate supply curve to the right.

Understand the stages of moral reasoning in Lawrence Kohlberg's theory and their characteristics.

Recognize factors that influence a child's interest in moral issues and their development.

Identify the role of social, cultural, and cognitive factors in the advancement of an individual's morality.

Critique Lawrence Kohlberg's theory for its cultural and developmental assumptions.

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Definitions:

Operating Income

The profit realized from a business's operations after subtracting operating expenses from gross profits.

Contribution Margin

The residual amount from sales income post the subtraction of variable costs, signifying its role in offsetting fixed expenses and creating profit.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor expenses.

Flexible Budget

A flexible budget adjusts based on actual revenue levels or other external factors, allowing for more dynamic and responsive financial planning.