Author Question: If there is an advancement in the technology used to produce a product, what is the likely effect it ... (Read 66 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
If there is an advancement in the technology used to produce a product, what is the likely effect it may have on the supply?
 
  A) The company would not change its manufacturing.
  B) It would increase the supply.
  C) It would decrease the supply.
  D) More people would be needed to produce the product.

Question 2

In measuring GDP, which of the following is included?
 
  A) the value of durable consumption goods but not the value of nondurable consumption goods.
  B) the value of preparing meals at home
  C) the value of stocks and bonds bought and sold
  D) the value of increases in business inventories
  E) the value of used goods when they are sold


aadams68

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

For a complete list of videos, visit our video library