Which of the Following Increases the Supply of a Product

question 398

Multiple Choice

Which of the following increases the supply of a product?

• A) Higher taxes imposed upon producers of the product.
• B) An increase in foreign imports of the product.
• C) A smaller number of sellers producing the product.
• D) A fall in the price of the product.

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Definitions:

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone, the highest level in Maslow's hierarchy of needs.

Self-Actualization

The achievement of realizing one's abilities and possibilities, seen as an inherent motivation or necessity in all individuals.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.