In the long-run perfectly competitive equilibrium, firms produce at the minimum of average total cost.
Answer the following statement true (T) or false (F)
True
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In the short run, who tends to benefit from a decrease in the exchange rate?
A) domestic producers B) owners of domestic-currency assets C) domestic consumers D) foreign producers
Because a bank earns money when it makes a loan to a borrower it:
A. has an incentive to loan out as much of each deposit as it can. B. has an incentive to borrow from the government as much as it can to loan out. C. needs to loan out more than it takes in through deposits to make money. D. has more of an incentive to loan out money than take money in through deposits.
The best way to address a natural monopoly without dismantling the economies of scale is
A. Regulation. B. Deregulation. C. Laissez faire. D. Antitrust.
Explain how rapid population growth can hinder labor productivity
What will be an ideal response?