Which of the following events would increase the supply of tomatoes?
a. the introduction of mechanized tomato pickers, which raises the cost of production
b. an increase in wages for the tomato pickers
c. a decrease in the cost of fertilizer for the tomato plants
d. unseasonably hot, dry weather in the tomato-growing regions of the nation
e. a decrease in the price of pasta products
C
You might also like to view...
Looking at inflation rates in the United States since the 1970s we see that
A) inflation fell the most during the 1970s productivity slowdown. B) the highest inflation rates were the double digits during the 1990s. C) the inflation rate increased with the increased growth of the 1990s. D) the 1970s experienced the highest inflation rates.
The situation of oligopoly suggests
A) many firms compete in an industry. B) mergers have not occurred. C) interdependence among firms. D) no barriers to entry exist.
The Sherman Act was the first established antitrust law.
Answer the following statement true (T) or false (F)
Nigeria has an absolute advantage in the production of
A. basketballs.
B. Barbie dolls.
C. both basketballs and Barbie dolls.
D. neither basketballs nor Barbie dolls.