If the long-run supply curve slopes downward, we know that this is
A) a decreasing-cost industry.
B) a constant-cost industry.
C) an increasing-cost industry.
D) a situation in which no input prices change as firms enter and exit the industry.
A
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The fact that it takes time for government to identify and recognize a problem is one reason for the occurrence of
A) implementation lags. B) outside lags. C) inside lags. D) structural lags.
How would you evaluate the quality of this equation overall? Do you have any concerns? Explain
What will be an ideal response?
What is fractional reserve banking?
Foreign investment can be economically beneficial for all of the following reasons except:
A. increases the GDP of the investing country by providing it with ways to earn higher returns on its capital. B. increases the GDP of the host country by giving it access to additional resources. C. makes the world a more efficient place by moving capital from places with low returns to places with high returns. D. it always leads to a higher interest rate.