If Government Legislation Requires Businesses to Switch to a Different

question 30

Multiple Choice

If government legislation requires businesses to switch to a different method of production that generates 50 percent fewer greenhouse gas emissions, compliance to this policy (assuming no other changes) can be illustrated in the Solow model by ______ the aggregate production function that leads to a ______ level of real GDP per person.

• A) a shift up of; higher
• B) a shift down of; lower
• C) a movement to the right on; higher
• D) a movement to the left on; higher

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Definitions:

Federal Law

A body of rules and regulations enacted by the federal government of a country to govern the behavior of its citizens and organizations at the national level.

Privileged Communication Laws

Legal statutes that protect certain communications within specific relationships, such as attorney-client, from being disclosed without permission.

HIPAA

The Health Insurance Portability and Accountability Act, a U.S. law designed to provide privacy standards to protect patients' medical records and other health information provided to health plans, doctors, hospitals, and other health care providers.

Privacy

The right to keep personal information out of public view and to have control over one's own personal data and life.