We Can Predict That Resources Will Move into an Industry

question 113

Multiple Choice

We can predict that resources will move into an industry whenever

• A)accounting profits for firms in that industry are greater than zero.
• B)accounting profits for firms in that industry are zero.
• C)economic profits for firms in that industry are zero.
• D)economic profits for firms in that industry are greater than zero.
• E)economic losses for firms in that industry are minimized.

---

Definitions:

Endplay

Linear play in a shaft, wheel, or rotor. The slang term for this, slop, describes the condition well. Some OEMs use the term axial slop to describe endplay.

Truck Wheel Seal

A component used in trucks to prevent lubricants from leaking out of the wheel bearings and to keep contaminants out.

Seal Driver

A tool used in the installation of seals in machinery, ensuring a proper fit without damage to the seal or housing.

Hydraulic Press

A machine press using a hydraulic cylinder to generate a compressive force, widely used in forming, shaping, and pressing of materials.