When the price of a key input to production increases, the supply curve decreases, or shifts to the left

a. True
b. False
Indicate whether the statement is true or false

True

Economics

You might also like to view...

The Fed can attempt to decrease the federal funds rate by

A) lowering the reserve requirement, which increases the money supply. B) lowering the reserve requirement, which decreases the money supply. C) raising the reserve requirement, which increases the money supply. D) raising the reserve requirement, which decreases the money supply.

Economics

Relations between rich and poor countries is most important in

a. Marx's view of capitalist development b.dualism c. dependency theory d. Rostow's stages of development e. none of the above

Economics