The supply curve is influenced by
A) the income of consumers.
B) the number of customers in the market.
C) the prices of the inputs required to produce the product.
D) the expectations of future profit.
C
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According to this Application, transformative economic growth, such as that which occurred with the Industrial Revolution, typically requires
A) both participatory and authoritarian political institutions. B) more authoritarian political institutions. C) neither participatory nor authoritarian political institutions. D) more participatory political institutions.
The world output is higher if the countries follow restrictive trade policies rather than free trade
a. True b. False Indicate whether the statement is true or false
If the overall balance in the balance of payments account is in ________, there can be an accumulation of official reserve assets by the country or a decrease in foreign official reserve holdings of the country's assets.
A. surplus B. equilibrium C. deficit D. remission
Pension plans can be thought of as the opposite of life insurance because life insurance:
A. pays off when you die while the pension plan pays off if you don't. B. costs far more than pension plans. C. pools the savings of many and pension plans do not. D. companies spread risk while pension plans are only spread within the company.