What does it mean for an industry to be considered an increasing cost industry?
What will be an ideal response?
An increasing cost industry is one where resource prices rise as the size of the industry expands.
Economics
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If the British sell more Rolls Royce cars to the United States, the United States __________ more pounds and __________ more dollars in the foreign exchange market
A) supplies; supplies B) supplies; demands C) demands; supplies D) demands; demands
Economics
When a regulator is concerned about pleasing different groups in order to keep employed, this is known as the
A) share-the-gains, share-the-pains theory. B) regulatory hypothesis. C) capture hypothesis. D) creative theory.
Economics