Which of the Following Events in U

question 19

Multiple Choice

Which of the following events in U.S.history did not create economic growth (shift the production possibilities curve outward) ?

• A)The Louisiana Purchase in 1803 that nearly doubled the land mass of the United States.
• B)Inventions of machines such as Cyrus McCormick's mechanical reaper.
• C)The introduction of the moving assembly line in automobile production by Henry Olds.
• D)The dramatic reduction in the U.S.unemployment rate from 1939 to 1941 as we prepared to enter World War II.

---

Definitions:

Marginal Tax Rate

The marginal tax rate is the rate of tax that applies to the next dollar of taxable income above a pre-determined level.

Call Premium

The additional amount a bond issuer must pay over the bond's face value if it is called before its maturity date.

Closely Held

Refers to a company whose shares are owned by a relatively small number of shareholders, often with the shares not being traded publicly.

Going Public

The process by which a private company offers shares to the public in a new stock issuance, becoming a publicly-traded company.