Suppose that in each of four successive years producers sell more of their product and at higher prices. This could be explained: a. By small annual increases in supply. b. In terms of a stable supply curve and increasing demand. c. In terms of a stable demand curve and increasing supply. d. As an exception to the law of demand.

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

Which of the following would be an accurate statement about achieving a balanced budget

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?