Suppose a Factory Recently Removed Robots from Its Production Line

question 11

Multiple Choice

Suppose a factory recently removed robots from its production line, decreasing productivity. This will likely cause a:

• A) rightward shift of the supply curve.
• B) leftward shift of the supply curve.
• C) downward shift of the supply curve.
• D) movement up along the supply curve.

---

Definitions:

Tariffs

Taxes imposed on imported goods and services, intended to raise government revenue or protect domestic industries from foreign competition.

Trade Barriers

Measures implemented by countries to regulate or restrict international trade, including tariffs, quotas, and embargoes.

Fair Trade

A social movement aimed at helping producers in developing countries achieve better trading conditions and to promote sustainability.

Trade Agreements

Formal arrangements between countries that determine the terms of trade, tariffs, and duties, aimed at facilitating smoother and more efficient international commerce.