When Industry Expansion Causes Input Prices to Rise, We Call

question 54

Multiple Choice

When industry expansion causes input prices to rise, we call this

• A)external diseconomies of scale.
• B)the law of increasing costs.
• C)internal diseconomies of scale.
• D)increasing returns.
• E)diminishing returns.

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Definitions:

Sudden Onset

The rapid emergence or beginning of something, often referring to symptoms or diseases.

Open-ended Question

A type of question that cannot be answered with a simple "yes" or "no," encouraging a detailed and descriptive response.

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A question formatted to receive a limited set of responses, such as "yes" or "no," or multiple-choice options.

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An account of an individual's lifestyle, habits, and societal interactions, often collected as part of medical or social assessments.