Typically, Extractive Industries Such as Farming, Mining, or Lumbering

question 49

Multiple Choice

Typically, extractive industries such as farming, mining, or lumbering:

• A)are considered to be decreasing cost industries.
• B)are considered to be constant cost industries.
• C)use only small portions of the total supply of specialized resources.
• D)are considered to be increasing-cost industries.
• E)allow the firms to earn economic profits in the long run.