Author Question: In the long run, a firm can vary A) its capital but not its labor. B) its labor but not its ... (Read 85 times)

09madisonrousseau09 · **on:** Jun 29, 2018

In the long run, a firm can vary

A) its capital but not its labor.
B) its labor but not its capital.
C) both its labor and its capital.
D) neither its labor nor its capital.

Question 2

________ occurs when a foreign firm sells its exports at a lower price than it costs to produce the goods.

A) Dumping
B) Comparative advantage
C) Learning-by-doing
D) A tariff