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 16 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?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

A noose hanging from a “Liberty Tree” reveals this artist’s bias: The “tar-and-feathering” of a Brit A noose hanging from a “Liberty Tree” reveals this artist’s bias: The “tar-and-feathering” of a Brit
L-carnitine is a popular dietary supplement. Notice the claims of improving athletic performance and ... L-carnitine is a popular dietary supplement. Notice the claims of improving athletic performance and ...
France has produced most of its energy from nuclear power since the oil crisis of the 1970s France has produced most of its energy from nuclear power since the oil crisis of the 1970s
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
Laboratory-Produced Protocells Laboratory-Produced Protocells
Video: Nucleic acid digestion -small intestine

For a complete list of videos, visit our video library