The long-run supply curve is downward sloping in a(n)
a. decreasing-cost industry
b. increasing-cost industry
c. constant-cost industry
d. labor-intensive industry
e. capital-intensive industry
A
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The United States provides a reasonable illustration of
A. a mixed economy. B. a pure market system. C. a government-dominated economy. D. a manufacturing economy. E. a transitioning economy.
The gross estate is
A. very disgusting. B. all property owned by decedent at time of death. C. general property that is held in a trust. D. being phased out of current tax law.
If unemployment and inflation move inversely, then we can infer that business fluctuations are
a. from the demand side. b. from the supply side. c. from both the demand and supply side. d. purely random events.
Holding constant risk and the real returns available abroad, higher domestic real interest rates ________ capital inflows, ________ capital outflows, and ________ net capital inflows.
A. increase; increase; decrease B. decrease; decrease; decrease C. increase; decrease; increase D. increase; increase; increase