If the Citizens of a Country Were to Work Harder

question 42

Multiple Choice

If the citizens of a country were to work harder and take less leisure time, it would

• A) shift the production possibilities curve outward.
• B) cause an economy to operate inside its production possibilities curve.
• C) shift the production possibilities curve inward.
• D) cause an economy to move from one point on the production possibilities curve to another point on the curve.

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Definitions:

Uniform Electronic Transactions Act

A law adopted by many states in the U.S. that establishes the legal validity of electronic records and signatures in commercial and governmental transactions.

Electronic Contracts

Agreements formed, signed, or executed electronically, which are legally binding under electronic commerce laws.

Statute of Frauds

A legal principle requiring certain contracts to be written and signed by the parties involved to be enforceable.

Employment Contract

A formal agreement between an employer and an employee that outlines the terms and conditions of employment.