In an increasing-cost industry, the long-run market supply curve is:

A. positively sloped.
B. negatively sloped.
C. vertical.
D. horizontal.


Answer: A

Economics

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A country has a population of 5 million. The labor force is 3.5 million, and the number of people not working but actively looking is 140,000. What is the unemployment rate?

a. 70% b. 140,000 c. 4% d. 2.8%

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In an interview an economist states, "This problem should be of greater concern to the federal government." We can explicitly put this statement in the category of

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Commitment strategies:

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