Inventories Rise When

question 136

Multiple Choice

Inventories rise when

• A) actual demand for output is more than expected.
• B) actual demand for output is less than expected.
• C) actual supply of output is less than expected.
• D) actual demand for output is about the same as expected.

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Definitions:

Shortage Of Workers

A situation where the demand for labor exceeds the supply of available workers in certain industries or geographic areas.

Early Capitalists

Early capitalists refer to individuals and groups in the 16th to 18th centuries who initiated and benefited from the early stages of capitalism, developing new methods of production, finance, and global trade.

Seventeenth-Century

Pertaining to the period from 1601 to 1700 in the Gregorian calendar, often noted for its significant historical, cultural, and scientific developments.

Minimum-Wage Legislation

Laws set by governments to determine the lowest salary that can be paid legally to workers.