A change in the productivity of inputs used to produce a good affects supply because Question 12 options:
A. what is considered to be a substitute or complement in production changes.
B. quality of the product changes and so consumers change their demand for the good.
C. the number of sellers changes.
D. it increases the number of sellers.
E. the costs of production change.
E. the costs of production change.
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In 2013, the percentage of health care expenditures paid out-of-pocket was
A. 6.9. B. 8.3. C. 12. D. 1.5.
Which of the following is true of modern technology?
a. Improvements in technology have propelled the production possibilities and living standards of people in North America, Western Europe, and several other parts of the world. b. In low-income countries, proven technologies can be either emulated or imported at a low cost. c. Often, perverse institutions and policies in low-income countries undermine the gains from improvements in technology. d. All of the above.
Tradable pollution permits
a. are widely viewed as a cost-effective way to reduce pollution. b. have helped reduce carbon emissions in Canada. c. have helped reduce sulfur dioxide emissions in the United States. d. All of the above are correct.
Describe cost-push inflation and its major source.
What will be an ideal response?