A leftward shift in supply could be caused by:
a. an improvement in productive technology.
b. a decrease in income
c. some firms leaving the industry.
d. a fall in the price of inputs to the industry.
c
Economics
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From an economic point of view, _____ makes a lot of sense because it takes advantage of the gains produced by specialization
a. bicameral legislatures b. representative democracy c. proportionality in the House of Representatives d. bureaucracy
Economics
Economics is best described as the
a. study of choice when scarcity exists b. study of the production of goods and services c. theory of consumer behavior d. science of money e. art of spending money wisely
Economics