Author Question: A sharp increase in gasoline prices will cause the supply curve for trucking services to shift to ... (Read 114 times)

future617RT · **on:** Jun 30, 2018

A sharp increase in gasoline prices will cause the supply curve for trucking services to shift to the right.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Assume the economy moves from a situation with full employment to one in which the unemployment rate is higher. This can be portrayed as:
a. an inward shift of the production possibilities curve.
b. an outward shift of the production possibilities curve.
c. a movement from a point inside the production possibilities curve to a point closer to the production possibilities curve.
d. a movement from a point on the production possibilities curve to a point inside the production possibilities curve.