Multiple Choice
In a market system, as one industry expands while another contracts, resources will flow
A) away from the expanding industry toward the contracting one.
B) across industries, driven by the changes in resource prices paid by firms.
C) toward the industry where the product demand is declining.
D) because resource allocation will have to equalize between the two industries.Difficulty: 02 Medium
Correct Answer:

Verified
Correct Answer:
Verified
Q5: The market system's answer to the fundamental
Q27: One of the most important economic resources
Q29: Copyrights and trademarks are examples of<br>A) capital
Q36: Economic systems differ from one another based
Q60: Market economies use capital goods because they
Q168: Specialization is beneficial<br>A)at the individual firm level,
Q176: Suppose that an individual sees a tremendous
Q218: Specialization in production is economically beneficial primarily
Q259: In the circular flow model of the
Q270: A characteristic of the market system is<br>A)