In order to increase the supply of a good, producers must
A) convince consumers to reduce the quantity demanded.
B) see an increase in quantity supplied by competitors.
C) reduce their per-unit costs of producing the good.
D) cut back on labor to reduce production costs.
C
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Monetarists argue that an exogenous increase in investment spending is likely to be offset by a decrease in
A) the money supply. B) interest rates. C) government spending. D) consumption.
To counteract steep declines in the birth rate, some countries have offered stipends to pregnant women and subsidies for parents who have a second child. These financial supports are examples of ______.
a. factor payments b. opportunity costs c. positive incentives d. human capital
Comparative advantage explains why a nation will benefit from trade when:
A. it exports more than it imports. B. its trading partners are experiencing offsetting losses. C. it exports goods for which it is a high-opportunity cost producer, while importing those for which it is a low-opportunity cost producer. D. it exports goods for which it is a low-opportunity cost producer, while importing those for which it is a high-opportunity cost producer.
The average tariff rate imposed by the United States on imported goods
A) has generally increased over the past 60 years. B) has generally decreased over the past 60 years. C) peaked in 1990. D) peaked in 1980.