The freedom of consumers to cast their dollar votes to buy, or not to buy, at prices determined in competitive markets describes:

The turnover view of unemployment stresses that

A) most job vacancies have skill requirements not possessed by the unemployed. B) many job vacancies are located in different areas of the country than are the unemployed. C) there exist incentives for workers to refuse to accept jobs. D) there exists racial/and or sex discrimination against some workers.

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.