A Decrease in the Price of a Factor of Production

question 240

True/False

A decrease in the price of a factor of production will lead to an increase in the supply of goods that use the factor in production.

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Definitions:

Secretory Epithelial Cells

Cells located in the epithelium that produce and release substances such as enzymes, hormones, and sweat.

Golgi Apparatus

Named for Camillo Golgi, Italian histologist and Nobel laureate (1843–1926). Specialized endoplasmic reticulum that concentrates and packages materials for secretion from the cell.

Cilia

Microscopic hair-like structures on the surface of cells that move in a wave-like manner to transport substances.

Glands

Organs in the body that secrete hormones or other substances directly into the blood (endocrine) or into cavities inside the body or its outer surface (exocrine).