Author Question: A voluntary export restraint is an agreement negotiated between two countries that places a ... (Read 98 times)

nenivikky · **on:** Jun 29, 2018

A voluntary export restraint is an agreement negotiated between two countries that places a numerical limit on the quantity of a good that can be imported by one country from the other country.

Indicate whether the statement is true or false

Question 2

The invention of the cotton gin ushered in the Industrial Revolution and began a long period of technological innovation. What did this technological change do the short-run supply curve?

A) It moved the economy down along a stationary short-run aggregate supply curve.
B) It shifted the short-run aggregate supply curve to the right.
C) It shifted the short-run aggregate supply curve to the left.
D) It moved the economy up along a stationary short-run aggregate supply curve.