People basically borrow in order to

A. have more funds.
B. go into debt.
C. have interest payments.
D. have current consumption rather than waiting to consume in the future.


Answer: D

Economics

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A perfectly competitive firm will minimize its losses by shutting down when:

A) P < AVC at the profit-maximizing level of output. B) P < ATC at the profit-maximizing level of output. C) P < MC at the profit-maximizing level of output. D) P < TFC at the profit-maximizing level of output.

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Briefly describe the three key points managers must consider when using expert opinion, consumer surveys, test marketing, and price experiments in analyzing consumer behavior

What will be an ideal response?

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China's high net exports must be balanced by:

A. low net capital outflows. B. high net capital inflows. C. high net capital outflows. D. low net imports.

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If a market changes from oligopoly to perfect competition, then as a result

A. Prices should rise in the long run. B. Profitability should rise in the long run. C. Fewer resources will be allocated to the market. D. Output should increase in the long run.

Economics