Examlex
Which of the following statements is an example of a secular trend?
Resource Prices
The costs associated with acquiring inputs used in the production process, including raw materials, labor, and capital.
Industry Output Expands
An increase in the total production of goods and services by companies within a particular sector of the economy.
Resource Prices
The costs associated with acquiring inputs needed for production, including raw materials, labor, and capital.
Decline
A decrease in the quantity, quality, or level of something over time.
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