In the Short-Run an Increase in the Costs of Production

question 71

Multiple Choice

In the short-run an increase in the costs of production makes

• A)output and prices rise.
• B)output rise and prices fall.
• C)output fall and prices rise.
• D)output and prices fall.

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Definitions:

Immigration Quotas

Limits set by governments on the number of immigrants allowed to enter a country, often based on nationality or other criteria.

Political Asylum

A protection granted by a country to foreign nationals who have fled their own country due to political persecution.

Naturalized Citizens

Individuals not born in a country but who have legally obtained its citizenship after fulfilling certain criteria set by the nation's laws.

Anticommunist Measures

Policies or actions implemented to counteract or suppress communist ideology and influences.