What was the crucial factor permitting cotton textile production to take off in New England between 1790 and 1815?
(a) The imposition of high tariff rates
(b) A lowering of import tariffs by Britain
(c) The blocking of trade with England through the Embargo and
the War of 1812
(d) A relaxation of regulations restricting exports of machinery
by Britain
(a)
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Stick Storage manufactures and sells computer flash drives. Last year it sold 2 million flash drives at a price of $10 each. For last year, the firm's
a. accounting profit was $20 million. b. economic profit was $20 million. c. total revenue was $20 million. d. explicit costs was $20 million.
Distinguish between two kinds of asymmetric information
What will be an ideal response?
The Phillips curve fails to provide a consistent explanation for macroeconomic performance in the United States in the 1960s
a. True b. False Indicate whether the statement is true or false
A firm will shut down if
a. P > AVC at all levels of output. b. P < AVC at all levels of output. c. AVC > AFC at all levels of output. d. TR > TC at all levels of output. e. P < TVC at all levels of output.