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Author Question: If there is an advancement in the technology used to produce a product, what is the likely effect it ... (Read 73 times)

lbcchick

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on: Jun 30, 2018
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
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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aadams68

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


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