In the United States, __________ of Boys and __________ of Girls

question 76

Multiple Choice

In the United States, __________ of boys and __________ of girls are involved in organized sports at least once between the ages of 5 and 18.

• A)82%; 75%
• B)71%; 63%
• C)66%; 52%
• D)59%; 49%

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Definitions:

Market Price

The ongoing price level for buying or selling goods or services in a market setting.

Long-run Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of the good that suppliers are willing to produce, taking into account adjustments in all factors of production.

Decreasing-cost Industry

An industry in which costs per unit decrease as the scale of operation increases, often due to economies of scale.

Downsloping

A characteristic of certain economic graphs, such as the demand curve, indicating that as price decreases, quantity demanded increases.