
Ch 5 Supply
Authored by William Clark
Social Studies
12th Grade
Used 14+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The stages of production measure the effects of workforce size on marginal product.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The stages of production are distinguished by
their marginal products.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Changes to variable and fixed input are easiest during a long-run production period.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The third stage of production is distinguished by an increase in output.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A producer’s “marginal product” and “total product” are generally the same amount
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is the best description of a normal supply curve?
Its slope is
completely horizontal.
Its slope goes up
when the diagram is read from right to left.
Its slope goes up
when the diagram is read from left to right.
Its slope is mostly
horizontal, with occasional vertical fluctuations.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factors that can cause a change in supply include
technology and
government regulations.
increases in the
number of sellers and market expectations.
increased or decreased
government subsidies.
all of the above.
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