If the long-run supply curve slopes downward, we know that this is
A) a decreasing-cost industry.
B) a constant-cost industry.
C) an increasing-cost industry.
D) a situation in which no input prices change as firms enter and exit the industry.
A
Economics
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After 1929 in the United States, as measured by the Lorenz curve, income inequality:
a. increased sharply. b. remain unchanged. c. declined. d. increased.
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American poverty is more about absolute deprivation, and poverty in the rest of the world is more about relative deprivation.
Answer the following statement true (T) or false (F)
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