When firms exit a perfectly competitive industry, the market ...

[craiczarry]

When firms exit a perfectly competitive industry, the market supply curve shifts to the left.
 
  Indicate whether the statement is true or false

Question 2

In 2014, over 75 percent of the revenue of the U.S. federal government was raised through
 
  A) individual income and social insurance taxes. B) sales and corporate income taxes.
  C) property and social insurance taxes. D) individual income and property taxes.

[macagnavarro]

Answer to Question 1

TRUE

Answer to Question 2

A