The Taxpayer Relief Act of 1997 created the Hope Higher Education Scholarship program, which provides a maximum of $1,500 in tax credits for the first two years of college for families with adjusted gross incomes of less than $100,000. Which factor(s) of production will change as a result of this program? Explain how this program is expected to affect the U.S. production possibilities curve.

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The Answer of The Taxpayer Relief Act of 1997 created the Hope Higher Education Scholarship program, which provides a maximum of $1,500 in tax credits for the first two years of college for families with adjusted gross incomes of less than $100,000. Which factor(s) of production will change as a result of this program? Explain how this program is expected to affect the U.S. production possibilities curve.

The Taxpayer Relief Act of 1997 Created the Hope Higher