Which of the following results in an increase in the supply of a good or service?
A) a rise in the price of the good or service
B) an increase in foreign imports of the good or service
C) a fall in the price of the good or service
D) a smaller number of sellers producing the good or service
E) higher taxes imposed upon producers of the good or service
B
Economics
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As real U.S. GDP increases, U.S. income increases and so
A) U.S. imports increase. B) U.S. exports decrease. C) U.S. imports decrease. D) investment increases. E) U.S. exports increase.
Economics
Regulators often raise prices instead of lowering them. This is designed to
a. prevent the exit of competitors. b. protect the consumer from cheap products. c. ensure high-quality products. d. ensure workers are adequately paid.
Economics