Which of the following will NOT cause a rightward shift in the supply curve?
A) an improvement in technology
B) a reduction in resource costs
C) a reduction in the expected future price
D) none of the above
D
You might also like to view...
If nominal GDP exceeds real GDP for a specific year, then the GDP deflator must be
A) greater than 100. B) less than 100. C) equal to 100. D) less than 0.
A legal arrangement characterized by preferential treatment of export industries is
a. export orientation b. export processing zone c. customs union d. effective protection e. none of the above
The figure below shows the production-possibility curves of Canada (AB) and the rest of the world (CD). I1 and I2 are community indifference curves for Canada and the rest of the world. In the absence of trade, Canada consumes ________ bales of cotton and ________ bushels of wheat.
A. twenty; six B. twelve; eleven C. sixteen; six D. twenty; three
Unanticipated positive inflation
A. benefits banks. B. hurts debtors. C. hurts everyone. D. hurts creditors.