Which of the Following Events Create an Outward Shift of the Production

question 205

Multiple Choice

Which of the following events create an outward shift of the production possibilities curve?

• A)The United States moves resources from the production of goods for domestic production to the production of goods for export.
• B)Tax reductions reduce the cost and increase the amount of investment in factories, machinery, and research and development.
• C)There is an migration of young people to another country where there is more political freedom.
• D)The unemployment rate falls from 33 percent to 12 percent.

Recognize the impact of work design on job satisfaction, organizational commitment, and turnover intentions.

Understand the historical and theoretical contributions to job and work design theories by key figures in the field.

Understand the principle of utility maximization for consumers.

Analyze the implications of marginal utility and pricing in consumer choice.

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Definitions:

Persuasive Messages

Communications designed to influence the attitudes, beliefs, or behaviors of the receiver.

Public Speech

The act of speaking to a live audience in a structured, deliberate manner to inform, influence, or entertain.

Intelligent Audience

An audience that is perceived to be capable of understanding and processing complex information and messages.

Student Fees

The charges imposed on students for enrollment, tuition, and other services provided by educational institutions.