Which of the Following Best Illustrates How Resources Move from Low-Value

question 139

Multiple Choice

Which of the following best illustrates how resources move from low-value industries to high-value industries in competitive markets?

• A) Entrepreneurs will always find the market in which price is the highest and increase production in it.
• B) The invisible hand will always equate prices in the long run.
• C) Entrepreneurs will move production from low-profit industries to high-profit industries.
• D) Firms will always be able to recognize high- and low- value industries simply by looking at their costs of production.

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Definitions:

External Locus

A belief that one's life events are predominantly controlled by external factors, events, or influences rather than one's own efforts or actions.

Locus of Control

A person's belief about the extent to which their actions can influence events and outcomes in their lives, classified as either internal (self-driven) or external (driven by outside forces).

Blood Cholesterol

Blood cholesterol refers to the levels of cholesterol in the bloodstream, which include low-density lipoprotein (LDL, or "bad" cholesterol) and high-density lipoprotein (HDL, or "good" cholesterol), influencing heart health.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, often measured as an indicator of heart health.