On the "supply side" of a market, producers indicate to consumers what they are willing to sell, in what quantity and at what price.
Answer the following statement true (T) or false (F)
True
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If the United States imposes a tariff on foreign chocolate, how are U.S. producers of chocolate affected?
A) The quantity of chocolate they sell decreases because U.S. consumption of chocolate decreases. B) The quantity of chocolate they produce increases. C) The price at which they sell their chocolate falls. D) They are harmed because foreign exporters of chocolate increase their supply in response to the higher price. E) They are unaffected because the quota applies to foreign producers, not to U.S. producers.
Describe the pressures that discourage trade.
What will be an ideal response?
As the popularity of the pill spread:
A. the number of younger workers willing to take entry-level jobs collapsed. B. the number of women entering professional degree programs exploded. C. the unemployment rate for women skyrocketed as there were more women competing for the same jobs. D. the number of middle-aged women leaving the labor force
Auditors should never count a cash fund with the custodian present because the custodian might be able to influence the count.
a. true b. false