Beneficial supply shocks include all of the following except one.Which is the exception?
A)an abundant harvest that increases food supplies
B)discoveries of natural resources
C)changes in legislation favorable to production
D)technological advances
E)establishment of the Occupational Safety and Health Administration (OSHA)

Question

Quizplus · Accepted Answer

The establishment of the Occupational Safety and Health Administration (OSHA) is not a supply shock, but rather a regulatory agency that sets and enforces safety standards in the workplace. The other options listed all involve increases in the factors of production, such as food, natural resources, or improved technology, which can lead to increases in supply and potentially lower prices.

Beneficial Supply Shocks Include All of the Following Except One