The World View Article Titled "United States Gains Cost Advantage

question 127

Multiple Choice

The World View article titled "United States Gains Cost Advantage" says productivity advances have contributed to U.S.competitiveness in world markets.When improvements in productivity reduce costs, the production function shifts

• A) Upward and cost curves shift upward.
• B) Upward and cost curves shift downward.
• C) Downward and cost curves shift upward.
• D) Downward and cost curves shift downward.

---

Definitions:

Customer's Name

The designation or identification used to refer to a client or purchaser of goods and services.

Grocery Item

A product that is typically sold in a supermarket or grocery store, ranging from food to household supplies.

Development

Refers to the process of growth, progress, or improvement in a particular area, such as personal, social, or economic development.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for doing a particular job.