This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a product becomes more popular and consumers want more produced, which of the following best ... (Read 30 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
on: May 24, 2019
If a product becomes more popular and consumers want more produced, which of the following best describes what happens to move more factors of production into that industry?
◦ An agency of the Federal government directs the movement of factors.
◦ The chief executive officers or presidents of corporations require that factors leave one industry and move to the other industry.
◦ Factor owners voluntarily move their factors because they want to satisfy the interests of consumers.
◦ Wages, rent, interest, and profit increase in that industry, thereby giving factors the incentive to move to that industry.
◦ Consumers increase their demand for the products and, as a result, the taxes the producers must pay decrease enabling the producers to hire more factors of production.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by RYAN BANYAN on May 24, 2019

matt95

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: May 24, 2019
Thanks


matt95

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: May 24, 2019
Welcome :)


« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

The site of Dmanisi has produced some of the earliest H. erectus outside of Africa. The site of Dmanisi has produced some of the earliest H. erectus outside of Africa.
the transamination product of tryptophan is decarboxylated to yield indole-3-acetic acid, or auxin the transamination product of tryptophan is decarboxylated to yield indole-3-acetic acid, or auxin
Photochemical smog is produced by a complex series of reactions Photochemical smog is produced by a complex series of reactions
Distinguishing Among Popular Diets Distinguishing Among Popular Diets
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Laboratory-Produced Protocells Laboratory-Produced Protocells
Video: Condensation and Hydrolysis Animation

For a complete list of videos, visit our video library