Question: In a market system, as one industry expands while another contracts, resources will flow Multiple Choice away from the expanding industry toward the contracting one.
In a market system, as one industry expands while another contracts, resources will flow
Multiple Choice
away from the expanding industry toward the contracting one.
across industries, driven by the changes in resource prices paid by firms.
toward the industry where the product demand is declining.
Prey
of
Next
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
