If the Price of a Resource Is Raised,according to the Substitution

question 171

Short Answer

If the price of a resource is raised,according to the substitution effect,_________;according to the output effect,________,thereby lowering the employment of all resources.

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Definitions:

Non-Current Assets

Assets owned by a company not expected to be converted to cash or used within the business's operating cycle or fiscal year.

Investing Cash Flows

Part of the cash flow statement that shows the cash spent on and received from investment activities, including assets purchases and sales.

Acquisition of Subsidiary

The process of obtaining control of another company, which then becomes a subsidiary, often involving the purchase of its shares.

Income Taxes Paid

The total amount of money a company pays in taxes to various tax authorities based on its taxable income.