New computer technology has
A) increased the cost of financial innovation.
B) increased the demand for financial innovation.
C) reduced the cost of financial innovation.
D) reduced the demand for financial innovation.
C
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The above figure shows a perfectly competitive firm. If the market price is $5, the firm
A) is making an economic profit. B) is making zero economic profit. C) will immediately shut down. D) will not shut down. E) might shut down but more information is needed about the AVC.
The sum of all past budget deficits and surpluses of the federal government is the
a. budget deficit. b. budget surplus. c. national debt. d. trade deficit.
A monopolist will always make a profit in the short run.
Answer the following statement true (T) or false (F)
Investment spending is a leakage from the circular flow model.
Answer the following statement true (T) or false (F)