Which of the following is the best example of a decreasing-cost industry?
A) the health care industry
B) the personal computer industry
C) the college-education industry
D) the oil industry
B
You might also like to view...
The Coase theorem deals with the problem of pollution by
A) giving the government regulatory power over polluters. B) making all polluters stop polluting. C) establishing and enforcing private property rights. D) having the government take over ownership of all polluting processes. E) allowing the government to set the proper emission charge.
A street light is a ________
A) private good B) public good C) common pool resource D) club good
When the unemployment rate is low, the impact of additional spending on real output will
a. be larger than when the unemployment rate is high. b. be smaller than when the unemployment rate is high. c. be the same as when the unemployment rate is high. d. place downward pressure on the general level of prices, leading to deflation.
The aggregate demand curve shifts left if either
a. speculators gain confidence in U.S. assets or foreign countries enter into recession. b. speculators gain confidence in U.S. assets or recessions in foreign countries end. c. speculators lose confidence in U.S. assets or foreign countries enter into recession. d. speculators lose confidence in U.S. assets or recessions in foreign countries end.