For a perfectly competitive firm, the short-run break-even point occurs at the level of output where
A) P > MR = MC.
B) MR = P > MC.
C) MR < P = MC.
D) P = MC = ATC.
D
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Evidence exists that countries with the most open economies tend to have more stringent environmental regulations
a. True b. False Indicate whether the statement is true or false
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
The long-run aggregate supply analysis assumes that ________.
A. input prices are fixed while product prices are variable B. both input and product prices are variable C. both input and product prices are fixed D. input prices are variable while product prices are fixed
Legal immigration into the U.S. can be done through the following ways, except:
A. Annual immigration quotas B. Refugee program C. H1-B provision D. Tourism visas