The long-run aggregate supply increases as:
a. new production technology is introduced.
b. the quality of labor declines.
c. the average price level increases.
d. natural resources become depleted.
e. the minimum wage rate increases.
Question 2
The fallacy of composition is essentially the error of:
a. confusing association with causation.
b. confusing normative economics with positive economics.
c. generalizing from the individual to the whole.
d. omitting relevant variables from an economic model.
Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
Cut view of long bone.
British Iron Production, 1600–1870
Nonshivering heat production
The production of a new allopolyploid species