Which of the Following Statements Is TRUE

question 112

Multiple Choice

Which of the following statements is TRUE?

• A) Costs increase if a decreasing cost industry becomes smaller.
• B) Costs increase if a decreasing cost industry becomes larger.
• C) A constant cost industry has a straight long-run supply curve that slopes upward.
• D) An increasing cost industry has a long-run supply curve that is first flat then slopes downward with output.

Understand how Venn diagrams represent categorical propositions.

Interpret the meaning and application of shading and Xs in Venn diagrams.

Distinguish among different types of categorical propositions using Venn diagrams.

Recognize the relationship between existential import and Venn diagrams.

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Definitions:

Bystander Apathy

The phenomenon in which people are less likely to offer help to a victim when other people are present.

Diffusion of Responsibility

A sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when others are present, often leading to a lack of action in group situations.

Ethnic Identity

A person’s identification with a racial or ethnic group.

Self-Concept

An individual's understanding of the self, comprising thoughts and feelings about personal abilities, appearance, and behavior.