There is no limit for domestic central bank intervention
Indicate whether the statement is true or false
FALSE
Explanation: They can run out of reserves.
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Factors that cause the short-run supply curve to change are factors that affect
A) demand. B) fixed costs. C) variable costs. D) the market but not the individual firm.
If marginal cost is constant, what happens to a market if it alters from perfect competition to monopoly without any change in the position of the market demand curve or any variation in costs?
A) Consumer surplus increases, and the previously existing deadweight loss decreases. B) Consumer surplus increases, and the previously existing deadweight loss increases. C) Consumer surplus is eliminated, and an equal-sized deadweight loss is created. D) Consumer surplus decreases in size, and a deadweight loss is created.
The market mechanism:
A.) Works through central planning by the government. B.) Eliminates market failures created by the government. C.) Uses prices as a means of communication between consumers and producers. D.) Is very inefficient since consumers cannot communicate directly with producers.
Who first studied job motions with bricklayers, studying how fewer hand motions made the work faster?
a. max weber b. abraham maslow c. douglas mcgregor d. frank gilbreth