Author Question: Which of the following is most likely a constant cost industry? a. coal b. ice cream c. lumber d. ... (Read 61 times)

rmenurse · **on:** Jun 30, 2018

Which of the following is most likely a constant cost industry?
a. coal
b. ice cream
c. lumber
d. oil

Question 2

If those who are poor at any one time are poor only temporarily, then their plight is only temporary. This statement is based on which of the following assumptions?
a. Many spells of poverty are relatively short-lived.
b. Government spending in the economy is inadequate.
c. All phases of the business cycle are temporary.
d. Education infrastructure in the economy is poor.
e. Once people fall below the poverty line, it is almost impossible for them to rise above it.