When Some Resources Used in Production Are Only Available in Limited

question 93

Multiple Choice

When some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in a competitive market is:

• A)upward-sloping
• B)vertical
• C)downward-sloping
• D)horizontal

---

Definitions:

Family Size

Refers to the number of members in a family, including parents and children, living together in a household.

First Born

Pertains to the first child born into a family, who may experience and exhibit unique psychological and social traits due to their birth order.

Sex Differences

Variations in characteristics or behaviors that are typically associated with being male or female, often observed in psychological or biological studies.

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.