Which of the following would be least likely to affect the supply of automobiles?
a. higher prices for steel and other resources used in producing automobiles
b. a successful physical fitness plan encouraging Americans to walk rather than drive to their destinations
c. a technological improvement reducing the production costs of automobiles
d. increased wages for members of the United Auto Workers union
b
Economics
You might also like to view...
Which type of tariff is used to offset subsidies on exports entering the United States?
a. antidumping duties b. countervailing duties c. export duties d. safeguard duties levied under the escape clause
Economics
Each of the following is a source of monopoly except:
a. Patents. b. Large economies of scale. c. Small fixed costs. d. Government franchise.
Economics