Other things remaining unchanged, which of the following is a ...

[Lobcity]

Other things remaining unchanged, which of the following is a determinant of the quantity supplied of a good?
 a. The cost of inputs used in production
  b. The price of the product
  c. The income levels of consumers
  d. The price expectations of producers
  e. The preferences of consumers

Question 2

Countries with high labor costs tend to:
 a. rely on only one method for the production of goods.
 b. use more labor rather than capital in the production process.
  c. use more capital rather than labor in the production process.
  d. be relatively poor countries.

[cici]

Answer to Question 1

b

Answer to Question 2

c

[Lobcity]

Correct answers!

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