As Long as Economic Losses Are Being Earned in an Industry

question 125

Multiple Choice

As long as economic losses are being earned in an industry, firms will ________ the industry and the supply curve will shift to the ________.

• A) enter; right
• B) enter; left
• C) exit; left
• D) exit; right

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Definitions:

Projective Tests

Psychological assessment tools that use ambiguous stimuli to elicit responses that are thought to reveal a person's unconscious thoughts, feelings, and desires.

Advanced Skills

Skills that go beyond basic proficiency, requiring higher levels of knowledge, experience, or training.

Kinetic Family Drawing

A projective psychological test used to understand a child's perception of their family dynamics through drawing.

Draw-A-Family

A technique developed by Hulse which often produced stiff images of families.