If the Supply Curve of a Commodity Is Upward Sloping

question 93

Multiple Choice

If the supply curve of a commodity is upward sloping, and the producing country begins to export more in a pure free trade system, the domestic price of the commodity will

• A)fall.
• B)rise.
• C)exceed the price in foreign countries.
• D)be below the price in foreign countries.

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Definitions:

Instrumentality

In the context of motivation, the belief that a particular level of performance will lead to the attainment of desired outcomes.

Effort

The physical or mental exertion applied in order to achieve something; often related to the intensity of work or study.

Outcome

An outcome is the result or effect of an action, decision, or situation, often analyzed to assess the success or failure of an endeavor.

Valence

In psychology, the value associated with a particular outcome or reward, influencing the motivation of an individual.