In a Market System, as One Industry Expands While Another

question 134

Multiple Choice

In a market system, as one industry expands while another contracts, resources will flow

• A)away from the expanding industry toward the contracting one.
• B)across industries, driven by the changes in resource prices paid by firms.
• C)toward the industry where the product demand is declining.
• D)because resource allocation will have to equalize between the two industries.Difficulty: 02 Medium

---

Definitions:

Social Security System

A government program designed to provide financial support to people in retirement, disability, or to survivors, funded through payroll taxes.

Unemployment Benefits

Payments made by the government or a private entity to individuals who are unable to find employment.

SNAP Benefits

Financial assistance provided through the Supplemental Nutrition Assistance Program to eligible low-income individuals and families for purchasing food.

Comprehensive Income

The total change in equity for a business enterprise during a period from transactions and other events from non-owner sources.