Placing Definitions Directly in the Text Is a Common Practice

question 16

Short Answer

Placing definitions directly in the text is a common practice. According to Chapter 20, what are two other logical locations for definitions?

Distinguish between the psychoactive effects of different categories of drugs.

Understand the different schools of thought and theories relating to political power and democracy.

Identify and describe the preconditions and dynamics of liberal democracies.

Recognize the impact of regional, ethnic, and class dynamics on politics.

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Definitions:

Increasing-Cost Industry

An increasing-cost industry is one in which costs of production increase as the industry expands, often due to factors like limited resources or higher input prices.

Long-Run Supply Curve

A graphical representation showing quantities of goods a firm is willing and able to supply at different prices over a long period, assuming all inputs are variable.

Decreasing-Cost Industry

Industry whose long-run supply curve is downward sloping.

Long-Run Industry Supply Curve

A graphical representation showing the relationship between the price of a good and the total output of the industry over time, accounting for adjustments in all input factors.