A Decreasing-Cost Industry Has a Long-Run Supply Curve That Is

question 30

True/False

A decreasing-cost industry has a long-run supply curve that is upward sloping.

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Definitions:

French Provisional Government

A temporary governmental structure established in France, particularly noted for those set up after the February Revolution of 1848 and again after the fall of the Second Empire in 1870.

Direct Taxes

Taxes imposed directly on an individual or organization's income, wealth, or assets rather than on goods and services.

Confiscated Church

Refers to the act of seizing church property, typically by a government or other authority, which has occurred in various historical contexts as part of broader political or religious reforms.

National Workshops

were government-funded job programs in France during the 1848 Revolution, intended to provide work for the unemployed but were ultimately unsuccessful.