With Time, Which One of the Following Strategies Would Most

question 238

Multiple Choice

With time, which one of the following strategies would most likely result in an outward shift in the production possibilities curve of an economy?

• A) passage of legislation reducing the workweek to 30 hours
• B) instituting a tax policy encouraging consumption at the expense of investment
• C) instituting a tax policy encouraging investment at the expense of consumption
• D) an increase in the marginal income tax rate, which would reduce the work effort of individuals

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Definitions:

Personality Traits

Enduring characteristics that describe an individual's behavior, attitude, and emotions, which are consistent across various situations.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of activity and enthusiasm.

Conscientiousness

A personality trait characterized by being thorough, careful, or vigilant; entails a desire to do a task well.

Nonnormative Event

An occurrence that is unusual or atypical, deviating from what is commonly expected or considered normal.