Which of the following is not held constant along a given supply curve for a good?
A. Taxes.
B. The cost of factors of production.
C. Technology.
D. Price.
Answer: D
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The LRAC curve
A) is the minimum points on all the short-run ATC curves. B) shows the lowest possible marginal cost of producing the different levels of output. C) shows the lowest attainable average total cost for all levels of output when all inputs can be varied. D) generally lies above the short-run ATC curves.
If workers in the auto industry were unionized as auto workers, regardless of their specific jobs in the plant, this union would be called a(n)
a. agency union b. industrial union c. skilled union d. craft union e. federated union
Actual investment spending does not include
What will be an ideal response?
All of the following are causally related EXCEPT ______.
A. the electoral system B. the party system C. the type of government D. the states demographics