In the above figure, the total variable cost curve is curve
A) A.
B) B.
C) C.
D) none of the curves in the figure.
B
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The effective return from a foreign investment is
A) the domestic interest rate plus the forward premium (discount). B) the foreign interest rate plus the forward premium (discount). C) the nominal interest rate minus inflation. D) the real interest rate.
An increase in the unemployment rate which is accompanied by a decrease in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of
Economic profit is equal to:
A. total revenue minus accounting profit. B. total revenue minus the sum of explicit and implicit costs. C. accounting profit minus explicit costs. D. accounting profit plus implicit costs.
Which is a factor of production?
a. Interest b. Money c. Rent d. Capital