Advances in Productivity Increase Supply Because They Might

question 131

Multiple Choice

Advances in productivity increase supply because they might

• A) increase the price expected in the future.
• B) decrease the number of goods available.
• C) decrease the cost of production.
• D) raise the prices of resources used to produce the good.
• E) increase the number of firms producing the good.

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Definitions:

Chadwick Sign

A bluish discoloration of the cervix, vagina, and labia resulting from increased blood flow, usually an early sign of pregnancy.

Cervix

The lower part of the uterus that connects to the vagina and dilates during childbirth to allow for the passage of a baby.

Human Papilloma Virus

A group of viruses that can cause warts on the skin or mucous membranes and may lead to cancers such as cervical cancer.

Genital Warts

A sexually transmitted infection characterized by small, fleshy growths on the genital or anal area, caused by human papillomavirus (HPV).