An industry is likely to be an increasing-cost industry when
a. all firms are identical.
b. it represents a negligible fraction of the total demand for inputs.
c. industry expansion permits the development of supporting subindustries.
d. some firms are more efficient than others.
d. some firms are more efficient than others.
Economics
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The owner of a sole proprietorship has limited liability, while stockholders of corporations have unlimited liability
a. True b. False Indicate whether the statement is true or false
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If both imports and exports fell, a. AD would decrease
b. AD would increase. c. AD would decrease if exports fell more than imports. d. AD would increase if exports fell more than imports.
Economics