Industries in Which Firms ________ Are Likely to Expand in the Long-Run

question 55

Multiple Choice

Industries in which firms ________ are likely to expand in the long-run.

• A) have positive profits
• B) suffer losses
• C) break even
• D) shut down in the short run

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Definitions:

Non-Renewable Resources

Natural resources such as coal, oil, and natural gas that cannot be replenished at the same rate they are consumed and will eventually deplete.

Nature

The physical world collectively, including plants, animals, landscapes, and other features and products of the earth, as opposed to humans or human creations.

Water

A colorless, tasteless, and odorless substance in its pure form, essential for all known forms of life, and used for drinking, cleaning, and numerous industrial processes.