Since the AS Curve Is Upward Sloping,as Production Increases,all of the Following

question 95

Multiple Choice

Since the AS curve is upward sloping,as production increases,all of the following are true except:

• A)productivity is likely to fall.
• B)the firm will be forced to use less suitable resources.
• C)the price of resources increases
• D)the cost of production to rise.

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Definitions:

Puritans

A group of English Protestants in the 16th and 17th centuries who sought to purify the Church of England of its Catholic practices.

Centralist Theory

A political ideology or approach suggesting that political power or decision-making should be concentrated in a central authority or government.

Brain Death

The brain is totally and irreversibly dead. This is sometimes referred to as the Harvard definition of death.

Life Force

An energy or vital spirit believed to be responsible for the life, vitality, and functioning of living beings.