In the long run:
A) all factors of production are fixed.
B) only some inputs of a firm can be changed.
C) all firms earn positive economic profits.
D) all factors of production can be changed.
D
Economics
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The job protection argument states that trade restrictions are needed to prevent the loss of jobS in domestic industries.
a. true b. false
Economics
If the government owns a nationalized firm, the prices are
a. set by an administrative agency of the government b. set by the free market c. high enough to make economic profits for the government d. determined by competition e. set to encourage efficiency and reduce waste
Economics