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Exhibit 11.1 -Refer to Exhibit 11.1.If This Represents the Resource Market for the Resource

Question 26

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Exhibit 11.1
Exhibit 11.1    -Refer to Exhibit 11.1.If this represents the resource market for truck drivers,what does the upward supply curve mean? A) The cost of transporting goods by trucks has increased. B) The cost of transporting goods by trucks has decreased. C) Fewer people can afford to undergo the extensive training to become truck drivers. D) More people can afford to undergo the extensive training to become truck drivers. E) The cost of transporting goods by air has increased, so the cost of transporting goods by trucks has decreased.
-Refer to Exhibit 11.1.If this represents the resource market for truck drivers,what does the upward supply curve mean?


A) The cost of transporting goods by trucks has increased.
B) The cost of transporting goods by trucks has decreased.
C) Fewer people can afford to undergo the extensive training to become truck drivers.
D) More people can afford to undergo the extensive training to become truck drivers.
E) The cost of transporting goods by air has increased, so the cost of transporting goods by trucks has decreased.

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