If a Product Becomes More Popular and Consumers Want More

question 182

Multiple Choice

If a product becomes more popular and consumers want more produced,which of the following best describes what happens to move more factors of production into that industry?

• A) An agency of the Federal government directs the movement of factors.
• B) The chief executive officers or presidents of corporations require that factors leave one industry and move to the other industry.
• C) Factor owners voluntarily move their factors because they want to satisfy the interests of consumers.
• D) Wages, rent, interest, and profit increase in that industry, thereby giving factors the incentive to move to that industry.
• E) Consumers increase their demand for the products and, as a result, the taxes the producers must pay decrease enabling the producers to hire more factors of production.

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Definitions:

Etiology

The study of the causes or origins of diseases or conditions.

Immune Functioning

The activities performed by the immune system to defend the body against pathogens and culminate in immune responses.

Autonomic Arousal

This refers to the activation of the autonomic nervous system, leading to physiological responses such as increased heart rate and respiration due to stress or excitement.

Emotions

Complex feelings and reactions that result from the interplay of physiological arousal, expressive behaviors, and subjective experiences.