When a country has an absolute advantage in the production a few commodities, autarky is always preferred to trade
Indicate whether the statement is true or false
false
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The figure above shows the demand for fruit snacks. Which movement reflects an increase in the price of a substitute for fruit snacks?
A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d
Which of the following could decrease unemployment and inflation simultaneously?
A) a decrease in oil prices B) contractionary monetary policy C) an increase in the real wage D) expansionary monetary policy
Refer to Figure 16.3 below. When the MC z line crosses the D z line, profits for the firm are
A. 0.
B. greater than 1.
C. less than 0.
D. ?.
Refer to the table below. If the cost per unit of advertising is constant at $475, what is the level of advertising per week that maximizes the industry joint profit?
Suppose the egg industry is made up of only the three farms above; Happy Chickens, Special Chickens, and Superior Chickens.
A) 1
B) 2
C) 3
D) 4