Advances in production technology typically reduce firms' costs, which increases the quantity supplied at each price
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements is TRUE about income and wealth?
A) Income is a flow measure and wealth is a stock measure. B) Income is a stock measure and wealth is a flow measure. C) Both income and wealth are flow measures. D) Both income and wealth are stock measures.
If the price of an ounce of gold is 200 ZARs in South Africa and $75 in Canada, what will be the South African Rand (ZAR) per Canadian dollar (C$) exchange rate?
a. C$1 = 4.25 ZAR b. C$1 = 1.75 ZAR c. C$1 = 2 ZAR d. C$1 = 2.67 ZAR e. C$1 = 4 ZAR
The Federal Reserve Open Market Committee includes the seven members of the Board of Governors, presidents of five of the twelve district banks, and the Secretary of the Treasury
a. True b. False Indicate whether the statement is true or false
A reduction in U.S net exports would shift U.S. aggregate demand
a. rightward. In an attempt to stabilize the economy, the government could increase expenditures. b. rightward. In an attempt to stabilize the economy, the government could decrease expenditures. c. leftward. In an attempt to stabilize the economy, the government could increase expenditures. d. leftward. In an attempt to stabilize the economy, the government could decrease expenditures.