We Can Predict That Resources Will Move into an Industry

question 105

Multiple Choice

We can predict that resources will move into an industry whenever

• A) economic profits for firms in that industry are greater than zero.
• B) accounting profits for firms in that industry are greater than zero.
• C) economic profits for firms in that industry are zero.
• D) accounting profits for firms in that industry are zero.
• E) economic losses for firms in that industry are minimized.

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Definitions:

Soma

The cell body of the neuron responsible for maintaining the life of the cell.

Life Of The Cell

Encompasses all processes that sustain a living cell including metabolism, energy production, and self-replication.

Hormones

Chemicals released into the bloodstream by endocrine glands.

Endocrine Glands

Glands that secrete chemicals called hormones directly into the bloodstream.