A Direct or Positive Relationship Between Price and Quantity Supplied

question 49

Multiple Choice

A direct or positive relationship between price and quantity supplied is

• A) the market clearing price.
• B) a change in demand.
• C) a supply curve.
• D) a demand curve.

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Definitions:

Net Exports

The value of a country's total exports minus its total imports, reflecting the balance of trade.

Capital Deepening

An increase in the amount of capital per worker; one source of rising labor productivity.

Capital Per Worker

A ratio measuring the amount of capital available to each worker, often used as an indicator of labor productivity.

Developed Country

A nation with a high level of industrialization, a high standard of living, and a well-developed infrastructure.