An industry in which an increase in industry output is accompanied by an increase in long-run per-unit costs is a(n)
A) increasing-cost industry.
B) constant-cost industry.
C) break-even cost industry.
D) decreasing-cost industry.
Answer: A
You might also like to view...
Suppose that a "small country" experiences growth strongly biased toward its export, cloth
A) this will have no effect on terms of trade for the country's trading partner. B) this will tend to worsen the country's terms of trade. C) this will tend to improve the country's terms of trade. D) this will tend to worsen terms of trade for the country's trading partner. E) this will tend to improve terms of trade for the country's trading partner.
An example of permanent insurance is ________ insurance, and an example of temporary insurance is ________ insurance
A) term; variable life B) whole life; variable life C) whole life; term D) term; whole life
Imagine that you are a member of the Board of Governors of the Federal Reserve. If the economy is experiencing rapid inflation, what actions might you advocate? Why?
Voters may choose to remain uninformed about an issue because of:
a. bureaucratic inefficiency. b. the shortsightedness effect. c. rational ignorance. d. the special-interest effect.