An increase in supply of a good is caused by:
A) resource prices rising.
B) a fall in the price of the good.
C) an increase in the number of sellers.
D) expectations of future price increases.
Ans: C) an increase in the number of sellers.
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In order to increase the confidence of investors, the new President of Montesia provides lucrative tax incentives to its investors. This will result in a(n):
a. increase in the level of planned investment spending of firms b. decrease in the level of investment spending that is financed through borrowed money. c. decrease in the level of production of firms. d. increase in the average price level of the economy.
The National Labor Relations Act
A. forbade the closed shop. B. was an anti-labor piece of legislation. C. guaranteed labor the right to organize unions. D. allows firms to refuse to negotiate with an elected union.