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Author Question: If a perfectly competitive industry uses only a small share of the available inputs in a resource ... (Read 101 times)

sam.t96

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

e


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