Figure 8.5.2 -Higher Input Prices Result In

question 104

Multiple Choice

Figure 8.5.2
-Higher input prices result in:

• A) upward shifts of MC and reductions in output.
• B) upward shifts of MC and increases in output.
• C) downward shifts of MC and reductions in output.
• D) downward shifts of MC and increases in output.
• E) increased demand for the good the input is used for.

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Definitions:

Pastoral Nomads

Groups or societies that move seasonally with their livestock over determined areas to graze them, without settling permanently in one location.

Female Genital Mutilation

The ritual cutting or removal of some or all of the external female genitalia for non-medical reasons.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various methods.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.