If a perfectly competitive industry uses only a small share of ...

[sam.t96]

If a perfectly competitive industry uses only a small share of the available inputs in a resource market, then the long-run market supply curve for the industry will most likely be:
 a. vertical.
 b. horizontal.
 c. upward sloping.
 d. downward sloping.

Question 2

_____ is the largest social insurance program in the U.S.
 a. Medicaid
 b. The food stamp program
 c. Supplementary security insurance
 d. The Head Start program
 e. Old-Age, Survivors, and Disability Insurance

[vish98]

Answer to Question 1

b

Answer to Question 2

e