The long-run industry supply curve in a decreasing-cost, perfectly competitive industry is
A) negatively sloped.
B) perfectly elastic.
C) positively sloped.
D) perfectly inelastic.
A
Economics
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Which of the following is TRUE according to the case study on U.S. / China trade presented in the chapter?
A) China has relative abundance in capital. B) China has relative abundance in skilled labor. C) The United States has relative scarcity in unskilled labor. D) The United States has relative scarcity in capital.
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is income tax rate one of the fed's monetary policies?
What will be an ideal response?
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