Which One of the Following Is a Good Example of an Increasing-Cost

question 116

Multiple Choice

Which one of the following is a good example of an increasing-cost industry?

• A)apartments
• B)sugar
• C)mining
• D)all of the above

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Definitions:

Equality

Having parity in terms of opportunities, rights, and social status.

Progressive Income Tax

A tax system where the tax rate increases as the taxable amount of an individual's or entity's income increases, aiming to redistribute income more equally.

Efficiency

The degree to which an entity optimizes the use of its resources to achieve its objectives, minimizing waste and maximizing output.

Equality

Refers to the state or quality of being equal, especially in status, rights, or opportunities.