Which of the Following Would Cause an Increase in the Supply

question 242

Multiple Choice

Which of the following would cause an increase in the supply of wheat?

• A)an increase in fertilizer costs
• B)a decrease in the price of bread
• C)a decrease in the price of corn
• D)an increase in land prices
• E)an expectation that the price of wheat will be higher next period

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Definitions:

Core Labor Standards

Fundamental labor rights that include the elimination of forced labor, child labor, discrimination in employment, and the recognition of the right to collective bargaining.

ILO

The International Labour Organization (ILO) is a United Nations agency dedicated to promoting rights at work, encouraging decent employment opportunities, enhancing social protection, and strengthening dialogue on work-related issues.

Collective Bargaining

The act of discussing terms between employers and employees' representatives to reach consensus on wages, work conditions, advantages, and other elements of worker compensation and rights.

Quotas

Predetermined targets or minimums that individuals or organizations aim to achieve within a specific timeframe.