Would the housing industry be characterized as an increasing, decreasing or a constant-cost industry? Explain your position
What will be an ideal response?
As production in the industry expands there will be a greater demand for labor and raw materials. This will eventually bid up wage rates and prices for construction materials. Therefore, it would be considered as an increasing cost industry.
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Disadvantages to the employer-based health insurance model which is common in the United States include
A) when someone loses her job, she loses her insurance. B) a reduction in job mobility. C) the method used by insurance companies to set premiums. D) all of the above
Your text mentions several ways that international trade flows are qualitatively different than they were a century ago. Which of the following is NOT one of those ways?
A) Manufactured goods are more important than the were in the past. B) Firms' investment spending on capital goods is more important than in the past. C) International trade in raw commodities and agricultural products is more important than it was in the past. D) It is possible to trade some types of services in a way that was not possible in the past. E) Multinational corporations play a bigger role in production than they did in the past.