Suppose Over the Next Several Years the Productivity of Firms

question 72

Multiple Choice

Suppose over the next several years the productivity of firms producing electric cars improves dramatically.The advance in productivity leads to

• A) a decrease in the supply of electric cars so that the supply curve shifts leftward.
• B) a decrease in the supply of electric cars so that the supply curve shifts rightward.
• C) an increase in the supply of electric cars so that the supply curve shifts leftward.
• D) an increase in the supply electric cars so that the supply curve shifts rightward.
• E) no change in the supply of electric cars, only a change in the quantity supplied of electric cars.

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Definitions:

Cognitive

Relating to mental processes such as perception, memory, thought, and problem-solving, crucial for understanding, learning, and decision-making.

Social Referencing

Using another person’s reaction to a situation to form one’s own assessment of it.

Secure Attachment

A stable and healthy emotional bond between an infant and their caretaker, characterized by trust and a sense of safety.

Insecure Attachment

A type of attachment characterized by fear, anxiety, or uncertainty in relationships, resulting from inconsistent caregiver responses.