In Response to the Demands of Environmentalists, Large Sections of Timberlands

question 45

Multiple Choice

In response to the demands of environmentalists, large sections of timberlands are put off limits to logging.What effect will this have on the aggregate supply curve?

• A)Shift the curve outward.
• B)Shift the curve inward.
• C)Move the economy up along the curve.
• D)Move the economy down along the curve.

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Definitions:

Beach

A natural landform alongside a body of water, typically consisting of sand, pebbles, or rocks, where people often go for recreation.

Residents

Individuals who inhabit a particular place or area, living in a specific locale either temporarily or permanently.

Utility Function

Represents how different combinations of goods or services can provide varying levels of satisfaction or utility to an individual, emphasizing the subjective valuation of consumption.

Gasoline

An explosive, quick-to-evaporate substance made from petroleum, mainly serving as a fuel source in internal combustion engines.