What is the shape of the long-run supply curve in a decreasing-cost industry?
A. increasing
B. downward sloping
C. upward sloping
D. horizontal
Answer: B
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Establishing rules for voter registration is an example of a(n)
A) economic function of government. B) political function of government. C) public good. D) transfer payment.
India is one of the countries that did not participate in the process of globalization
a. True b. False Indicate whether the statement is true or false
In a market economy, persons undertaking an investment project must
a. obtain approval from political authorities before the project can be undertaken. b. either personally supply the required funds or convince other investors and financiers to do so. c. finance the project entirely with equity capital. d. arrange for bank financing before the project can be undertaken.
Refer to the accompanying figure. Moving from demand curve D1 to demand curve D2 could be caused by a(n):
A. decrease in the product's expected future price. B. increase in the price of a complement. C. increase in the price of a close substitute. D. increase in quantity supplied.