If certification decreases supply and serves as a barrier to entry, it ________ the price and ________ market power of the suppliers already in the market.
A) decreases; decreases
B) decreases; increases
C) increases; increases
D) increases; decreases
C) increases; increases
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The minimum point on the average variable cost curve is called the loss-minimizing point
Indicate whether the statement is true or false
If the expected inflation rate is 3 percent and banks charge a 10 percent money rate of interest, the real rate of interest is
a. 3 percent. b. 7 percent. c. 10 percent. d. 17 percent.
Dollarization will reduce exchange-rate risk for a country.
Answer the following statement true (T) or false (F)
Which of the following is TRUE of the cap-and-trade program in the United States?
A) The state of California began a cap-and-trade program in 2013. B) The United States is a participant of the Kyoto Protocol that implemented the cap-and-trade program in 2005. C) All states in the U.S. have implemented a cap-and-trade program before the Kyoto Protocol in 2005. D) The state of Texas is currently the only state in the U.S. that has not implemented a cap-and-trade program.