The Accompanying Graph Shows the Long-Run Supply and Demand Curves

question 180

Multiple Choice

The accompanying graph shows the long-run supply and demand curves in a purely competitive market. The curves suggest that this industry is

• A)a constant-cost industry.
• B)an increasing-cost industry.
• C)a decreasing-cost industry.
• D)not possible, because the supply curve always slopes up.

Explain the use of bioindicators in monitoring air pollution.

Identify photochemical oxidants and their effects on air quality.

Discuss the implications of carbon dioxide as an air pollutant.

Describe how human health is affected by ozone levels in different layers of the atmosphere.

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Definitions:

Kitchen Cabinet

A term referring to a group of unofficial advisors to the head of a government.

Empresarios

Agents who were granted the right to settle on land in exchange for recruiting and taking responsibility for new settlers; used notably in the context of Mexican Texas.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, changing economies and societies.

Market Economy

A system where economic decisions and pricing of goods and services are guided by the interactions of citizens and businesses in a free market.