Although Horses Were Once a Very Important Factor of Production

question 334

Multiple Choice

Although horses were once a very important factor of production, the development of automobiles and other machinery reduced the demand for their use. This is an example of:

• A) technological progress shifting the demand for horses to the left.
• B) higher marginal costs for horses shifting demand for horses to the right.
• C) technological progress shifting the demand for horses to the right.
• D) higher marginal costs for horses having no impact on the demand for horses.

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Definitions:

ADH

Antidiuretic Hormone, a peptide hormone secreted by the pituitary gland that regulates the body's retention of water by increasing water reabsorption in the kidneys.

Blood Plasma

The liquid component of blood where cells are suspended, comprising water, salts, proteins, and various other substances.

Medullary Osmotic Gradient

A concentration gradient of solutes in the kidney's medulla that helps in the reabsorption of water from urine, contributing to the body's water balance.

Loop Of Henle

A section of the nephron in the kidney that is responsible for concentrating urine and conserving water.