Other Things Being Equal,unit Costs Will Rise and the AS Curve

question 37

Multiple Choice

Other things being equal,unit costs will rise and the AS curve will shift upward if

• A)there is a fall in the price of oil.
• B)the government reduces payroll taxes.
• C)wage increases exceed productivity increases.
• D)wages rise.
• E)wage and price controls are in effect.

Understand the procurement process in project management, including solicitation, requests for quotes, and selection criteria.

Understand the significance and process of supplier's final obligations in project management.

Grasp the concept and rationale behind outsourcing decisions in projects.

Acquire knowledge on assessing potential bidders' financial status.

---

Definitions:

Response Inhibition

The cognitive process that involves the ability to suppress actions or responses that are inappropriate or not required in a particular situation.

Attention Control

The capacity to manage one's focus and selective attention towards desired stimuli while ignoring distractions.

Working Memory

A cognitive system responsible for temporarily holding information available for processing, important for reasoning and the guidance of decision-making and behavior.

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.