If a Product Becomes More Popular and Consumers Want More

question 182

Multiple Choice

If a product becomes more popular and consumers want more produced,which of the following best describes what happens to move more factors of production into that industry?

• A) An agency of the Federal government directs the movement of factors.
• B) The chief executive officers or presidents of corporations require that factors leave one industry and move to the other industry.
• C) Factor owners voluntarily move their factors because they want to satisfy the interests of consumers.
• D) Wages, rent, interest, and profit increase in that industry, thereby giving factors the incentive to move to that industry.
• E) Consumers increase their demand for the products and, as a result, the taxes the producers must pay decrease enabling the producers to hire more factors of production.

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Definitions:

Central Nervous System Depressant

Substances that slow down the operations of the brain and the body by targeting the central nervous system.

Rohypnol

A powerful benzodiazepine known for its strong sedative and amnesiac effects, often associated with instances of drug-facilitated sexual assault.

Date-Rape Victims

Individuals who have been assaulted or forced into non-consensual sex by someone they were dating or had a relationship with.

Odorless

Lacking a detectable smell.