Suppose That a Better Way to Produce a Good Is

question 58

Multiple Choice

Suppose that a better way to produce a good is discovered, thus lowering production costs for the good. This will cause

• A)an increase in supply (a rightward shift of the supply curve).
• B)a movement down the supply curve.
• C)a movement up the supply curve.
• D)a decrease in supply (a leftward shift of the supply curve).
• E)no change in the supply curve, only a change in price.

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Definitions:

Universals

Characteristics or elements that are common to all human cultures, societies, or languages, often considered innate features of human nature.

Baumrind

A psychologist known for her research on parenting styles, including authoritative, authoritarian, and permissive classifications.

Permissive Parents

Parenting characterized by a high degree of responsiveness but low demands, where parents are nurturing and accepting but provide few guidelines and rules.

Authoritative Pattern

A consistent way or method that is commanding and self-assured, often related to parenting or leadership styles that balance strictness with support.