Ceteris Paribus,which of the Following Is Most Likely to Cause

question 123

Multiple Choice

Ceteris paribus,which of the following is most likely to cause a decrease in the supply of skateboards?

• A)An increase in the price of skateboards.
• B)An increase in the cost of materials used to produce skateboards.
• C)An improvement in skateboard-making technology.
• D)All of the choices are correct.

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Definitions:

Ethnocentrism

The tendency to view one's own culture or ethnic group as superior to others, often leading to judging other cultures by one's own cultural norms and standards.

Sanctions

Penalties or other means of enforcement used to provide incentives for obedience with the law, or with rules and regulations; can be positive (rewarding) or negative (punishing).

Legislation

Laws or acts passed by governing bodies to regulate, authorize, forbid, or declare something.

Counterculture

A way of life and set of attitudes opposed to or at variance with the prevailing social norm; often associated with movements in the 1960s.