What does new technology generally do to production?
(A) It lowers cost and decreases supply.
(B) It lowers cost and increases supply.
(C) It has very little effect on production.
(D) It increases cost and decreases supply.
Ans: (B) It lowers cost and increases supply.
Economics
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Because commodity money is not uniform in quality, there is a tendency
A) for higher quality commodity money to drive lower quality commodity money out of circulation. B) for lower quality commodity money to drive higher quality commodity money out of circulation. C) for stable commodity money to drive unstable commodity money out of circulation D) for unstable commodity money to drive stable commodity money out of circulation.
Economics
If the cheeseburger costs $2, how many cheeseburgers would you buy
a. 1 b. 2 c. 3 d. 4
Economics