Which of the Following Would Shift the World Supply Curve

question 45

Multiple Choice

Which of the following would shift the world supply curve up?

• A)Continuing devaluation of the yuan by the Chinese
• B)Government policies that lower wages in foreign countries
• C)A decision by the Chinese to allow the yuan to appreciate
• D)An appreciation of the U.S. currency

---

Definitions:

Base-Rate Information

Fundamental statistics or probabilities that are used for reference or as a baseline in decision-making processes.

Representativeness Heuristic

A mental shortcut that involves making judgments based on how much one thing resembles another, which can lead to biases in decision making.

Base-Rate Information

Statistical data that provides foundational probabilities of certain events or characteristics within a specific population.

Script Information

Knowledge structures stored in memory that dictate the sequence of actions in specific contexts.