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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Most economists have reached the following conclusion about supply-side economics.
A. Supply-side tax cuts are likely to reduce income inequality. B. Supply-side tax cuts are almost certain to lead to smaller budget deficits. C. Supply-side tax cuts are likely to widen income inequality. D. None of these.
Economics
Refer to Table 3-40. Italy should specialize in the production of
a. boats and import cars b. cars and import boats c. both goods and imports neither good d. neither good and import both goods
Economics