Suppose that the bakers of bread face an increase in the price of flour (an input). In the market for bread, this will cause the ________ and the equilibrium price to ________.

In a country with a mixed market economy, what actions may government prevent?

a. open competition among car manufacturers b. the addition of dangerous narcotics in children's cough syrup c. a reduction in fuel prices d. the bankruptcy of a small business

Technical innovation spurs economic growth because it

A) increases labor productivity. B) increases the stock of capital goods. C) provides more powerful means of production. D) does all of the above.