In a constant-cost industry, an increase in output that increases the demand for resources used by the industry
a. is likely to result in higher prices for at least some resources.
b. causes the firm's cost curves to shift downward.
c. causes the demand curve for the industry to rise.
d. is not likely to result in higher prices for resources.
D
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A tariff is
A) a subsidy granted to importers of a vital input. B) a tax imposed by a government on goods imported into a country. C) a limit placed on the quantity of goods that can be imported into a country. D) a health and safety restriction imposed on an imported product.
Do donor countries gain anything from their aid?
What will be an ideal response?
Stagflation is defined as _____
Fill in the blank(s) with the appropriate word(s).
Knowledge is human capital plus business know-how.
Answer the following statement true (T) or false (F)