When the inflation rate is high and volatile,
What will be an ideal response?
investment is more risky and gains from trade are reduced.
Economics
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The side effect of an action that increases the well-being of others is called
A. an augmentation. B. an elasticity. C. a passive benefit. D. a positive externality.
Economics
A duopoly is
A. An illegal, price-fixing cartel. B. a two-firm oligopoly. C. a two-firm monopoly. D. an identical pair of perfectly competitive industries.
Economics
A nation's production possibilities curve [PPC] will shift outward if its workers receive better training
a. True b. False Indicate whether the statement is true or false
Economics
The short-run shutdown rule is to shut down if:
A. P > AVC. B. P < ATC. C. P > ATC. D. P < AVC.
Economics