Economic profits in a competitive industry are signals that
a. attract new firms into the industry
b. prevent firms from adopting newer technologies
c. encourage existing firms to continue to operate inefficiently
d. indicate that business conditions are improving
e. cause the industry's resources to be used in lower valued uses
A
Economics
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Which of the following African countries has experienced widespread death and destruction due to ethnic or clan based conflict in the previous decade?
a. Rwanda b. Sudan c. Somalia d. all of the above
Economics
GDP can rise as a result of a rise in __________________, and Real GDP can rise as a result of a rise in _______________________
A) prices or output; prices only. B) prices only; prices or output. C) prices or output; output only. D) prices or output; prices or output.
Economics