Along a perfectly competitive industry's long-run supply curve
A) economic profits are positive.
B) economic profits are zero.
C) entrepreneurs earn an above-average rate of return.
D) the number of firms is constant.
B
Economics
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The lack of an entrepreneurial class in developing nations tends to:
A. Keep workers from migrating to cities from rural areas B. Reduce the level of capital investment C. Force the need for land reform D. Keep governments stable
Economics
It is ___________ for a country to have a very high level of trade while also having a near-balance between the value of exports and imports.
a. possible b. impossible c. likely d. unlikely
Economics