When a firm adopts new technology, generally its
A) cost curves shift upward.
B) cost curves shift downward.
C) cost curves are unaffected.
D) supply curve shifts leftward.
E) production permanently decreases.
B
Economics
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If a violation of international law is found by the WTO Dispute Settlement Body, the offending state
a. can simply ignore the ruling and leave the other party with no options. b. will be removed from its membership. c. must accept any penalty given it. d. can change its practice or can offer compensation.
Economics
When the government controls the price of a product, causing the market price to be above the free market equilibrium price,
A. some, but not all, sellers can find buyers for their goods. B. only consumers gain. C. both producers and consumers gain. D. all producers gain.
Economics