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Anni [7]
3 years ago
14

Which of the following are non-price determinants of supply?

History
1 answer:
USPshnik [31]3 years ago
8 0
1. New producers entering the market.  (More businesses producing a product or service will mean a greater supply of that product or service.)

2. Government taxes and subsidies.  (High taxes on a product may discourage suppliers, whereas government subsidies will encourage more of the product to be supplied.  A recent example was government subsidy for the production of ethanol, which caused a strong increase in ethanol production and supplies.)

4. Cost of the product or services.  (High input costs to provide the product or service will tend to decrease supply, as profit margins for producers are affected.)

5. Future expectation of prices.   This one is tricky to call a "non-price determinant," but it's not a current, actual price.  It's the anticipation that prices and sales will be strong at some future point.  So, for instance, if there is an expectation that flying cars (or personal helicopters) will someday be a high-demand item that will sell for high prices, that will spur development and supply of such an item.

<em>The only one I left out was #3, effect of mass media advertising -- because that is something that is a determinant of demand rather than supply.</em>
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Explanation:

The options to the question are:

a. Creation of a judicial branch

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One way that the Constitution of the United States expanded the power of the central government is the creation of a judicial branch. The judicial branch is in charge of interpretation and application of law and also settling of legal disputes.

The Monroe Doctrine simply states that with regards to the politics in America, an intervention by external powers will be considered dangerous to America.

The electoral college are electors who employ the president and the vice president. The creation of national bank isn't a way the U.S constitution expanded the power of the central government.

From the explanation, the answer is "creation of a judicial branch".

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